On March 30, 2019, Leo purchased and placed in service a new car that cost $71,400....
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On March 30, 2019, Leo purchased and placed in service a new car that cost $71,400. The business use percentage for the car is always 100%. He does not take the additional first-year depreciation or any 5 179. If required, round your answers to the nearest dollar. Click here to access the depreciation table of the textbook. Click here to access the limits for certain automobiles. a. What MACRS convention applies to the new car? Half-year b. Is the automobile considered "listed property"? Yes v C. Leo's cost recovery deduction in 2019 s s 11,160 x and for 2020 is S 3,200 x. Feedbeck On March 30, 2019, Leo purchased and placed in service a new car that cost $71,400. The business use percentage for the car is always 100%. He does not take the additional first-year depreciation or any 5 179. If required, round your answers to the nearest dollar. Click here to access the depreciation table of the textbook. Click here to access the limits for certain automobiles. a. What MACRS convention applies to the new car? Half-year b. Is the automobile considered "listed property"? Yes v C. Leo's cost recovery deduction in 2019 s s 11,160 x and for 2020 is S 3,200 x. Feedbeck
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South Western Federal Taxation 2015 Essentials of Taxation Individuals and Business Entities
ISBN: 9781285438290
18th edition
Authors: James Smith, William Raabe, David Maloney, James Young
Posted Date:
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