Question: On June 5 , 2 0 2 1 , Roxy Company purchases a passenger auto for $ 6 0 , 0 0 0 . Roxy

On June 5,2021, Roxy Company purchases a passenger auto for $60,000. Roxy does not take a Sec. 179 deduction and elects out of 100% bonus on all 5-year property. Compute tax depreciation for 2021-2028 by completing the table below.
Answer in whole dollars only, with no decimals, no commas, and no dollar signs.
Depreciable
MACRS
MACRS
IRS
Depreciation
Year
Cost
% ratio
depreciation
Limitation
Taken
2018
(1)
(2)
2019
(3)
2020
(4)
(5)
2021
(6)
2022
(7)
2023
(8)
2024
(9)
2025
(10)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!