Question: Please help me understand this question. I cannot figure out. Thank you Maura acquired an automobile for $25,000 on July 1, 2014. She used the

Please help me understand this question. I cannot figure out. Thank you

Please help me understand this question. I cannot figure out. Thank youMaura acquired an automobile for $25,000 on July 1, 2014. She used

the automobile partially for business purposes during the 2014 2017 period. The

Maura acquired an automobile for $25,000 on July 1, 2014. She used the automobile partially for business purposes during the 2014 2017 period. The percentage of business use is as follows: 2014, 7596, 2015, 75%; 2016, 44%; 2017, 42%. The automobile is 5-year recovery property, and Maura did not elect Sec. 179 expensing or bonus depreciation. Click the icon to view the MACRS half-year convention rates)Click the icon to view the ADS half-year convention rates) (Click the icon to view the Luxury Automobile Depreciation limits.) Read the requirements Requirement a Compute the MACRS depreciation deductions for 2014-2017 Use MACRS and/or ADS rates to three decimal places XXX % Round all currency amounts to the nearest dollar.) Year 2014 2015 2016 2017 Allowable Depreciation Deduction Requirement b. What amount of previously claimed depreciation deductions (if any) must Maura recapture in 2017? When business-use percentage for listed property becomes subject to depreciation recapture. all prior year depreciation deductions. The excess depreciation is included in the taxpayer's gross income the property must be used to recompute

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