In 2021, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100 percent for business. Assuming the half-year convention applies and Ben does not elect out of bonus depreciation, what will be the depreciation on the auto in 2021? a.$10,000 b.$18,200 c.$18,100 d.$57,000 e.None of these choices are correct.
In 2021, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100 percent for business. Assuming the half-year convention applies and Ben does not elect out of bonus depreciation, what will be the depreciation on the auto in 2021? a.$10,000 b.$18,200 c.$18,100 d.$57,000 e.None of these choices are correct.
Chapter3: Income Sources
Section: Chapter Questions
Problem 85P
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In 2021, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and will be used 100 percent for business. Assuming the half-year convention applies and Ben does not elect out of bonus
a.$10,000
b.$18,200
c.$18,100
d.$57,000
e.None of these choices are correct.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT