On January 1, 2022, Sally Jefferson purchased an auto for $25,000. Her business use was 60% during
Fantastic news! We've Found the answer you've been seeking!
Question:
On January 1, 2022, Sally Jefferson purchased an auto for $25,000. Her business use was 60% during 2022. She is electing $1,000 Sec. 179 deduction on the auto, but is electing not to claim any bonus depreciation. What is her total deduction for calendar tax year 2022? A. $6,720 B. $11,200 C. $19,200 D. $25,000
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: