Sisto purchased a passenger automobile for $49,890. He placed it into service on May 16; 60% of the miles driven during the year were for business. Assuming that Sisto opts out of the special depreciation allowance, what is Sisto's maximum depreciation deduction?

Sisto purchased a passenger automobile for $49,890. He placed it into service on May 16; 60% of the miles driven during the year were for business. Assuming that Sisto opts out of the special depreciation allowance, what is Sisto's maximum depreciation deduction?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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