On August 1, 2009, Moore leases and places in service a passenger automobile. The lease will run
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Question:
On August 1, 2009, Moore leases and places in service a passenger automobile. The lease will run for five years, and the payments are $600 per month. During 2009, he uses his car 80% for business and 20% for personal activities. Assuming the dollar amount from the IRS table is $160, determine Moore's inclusion amount.
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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