Question: Problem 8-47 (LO. 2, 3, 4) On March 15, 2017, Helen purchased and placed in service a new Escalade. The purchase price was $62,000, and
Problem 8-47 (LO. 2, 3, 4) On March 15, 2017, Helen purchased and placed in service a new Escalade. The purchase price was $62,000, and the vehicle had a rating of 6,500 GVW. The vehicle was used 100% for business. Helen does claim any available additional first-year depreciation. If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. Click here to access the limits for certain automobiles. Calculate the maximum total depreciation deduction that Helen may take with respect to the vehicle for 2017. Section 179 expense $ Additional first-year depreciation MACRS cost recovery Total deduction $
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