Tracy acquires an automobile (MACRS 5-year recovery) on March 1, 2013. He uses the automobile 70% of
Question:
a. What is depreciation for 2013-2018 and any subsequent years?
b. How would your answer to Part a change if the vehicle were a SUV with a gross vehicle weight rated (GVWR) of over 6,000 pounds and Tracy elected to expense the SUV under Sec. 179?
c. What is the amount deductible in 2013 and 2014 if the taxpayer elects to take advantage of bonus depreciation?
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Related Book For
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
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