Question: Ron purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the camera was $2,400. Ron
Ron purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the camera was $2,400. Ron used the camera in his business 60 percent of the time during the first year. During the second year, Ron used the camera 40 percent for business use. Calculate Ron's depreciation deduction during the second year, assuming the sole proprietorship had a loss during the year. (Ron did not place the asset in service in the last quarter.) (Use MACRS Table 1.)
Group of answer choices
$0
$48
$192
$336
None of the choices are correct.
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