In 2020, Ben purchases and places in service a new auto (not a luxury auto) for his business. The auto costs $57,000 and will be used 60% for business. Assuming the half-year convention applies and Ben elects out of bonus depreciation and Section 179, what will depreciation on the auto be in 2020? $10,100 $57,000 $18,100 $6,060
In 2020, Ben purchases and places in service a new auto (not a luxury auto) for his business. The auto costs $57,000 and will be used 60% for business. Assuming the half-year convention applies and Ben elects out of bonus depreciation and Section 179, what will depreciation on the auto be in 2020? $10,100 $57,000 $18,100 $6,060
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 27P
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In 2020, Ben purchases and places in service a new auto (not a luxury auto) for his business. The auto costs $57,000 and will be used 60% for business. Assuming the half-year convention applies and Ben elects out of bonus
$10,100
$57,000
$18,100
$6,060
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