Essay
Joyce purchased a passenger automobile on March 2, 2016. She paid $12,000 for the automobile and can support business use of 85 percent. Calculate the amount of depreciation on the automobile for 2016 using the accelerated MACRS method (if available), assuming Joyce does not make the election to expense or claim bonus depreciation.
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$2,040 = $12,000 × 20% (from Table 2) × ...View Answer
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