Question: The answer for Part. A is not 805 or 3500 please give correct answer. Tax Drill - Recovery Limitation On February 17, 2018, Brecken places
The answer for Part. A is not 805 or 3500
please give correct answer.

Tax Drill - Recovery Limitation On February 17, 2018, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction. The auto is used 35% for business and 65% for personal use. Assume the luxury automobile limitations for Year 1 is $10,000 Click here to access the depreciation table to use for this problem. a. Compute the total depreciation allowed for 2018: 805 X b. Assume that the automobile cost $45,000. Compute the total depreciation allowed for 2018: 1,575
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
