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CONCEPTS IN FED.TAX.,2020-W/ACCESS

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 27P

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Kyle purchased a car for $12,300 on March 2, 2019. He uses the car 35% for business
use and 65% for personal use. The car is kept at his home, and he has written records.
Which method may Kyle use for depreciation?
The straight-line method over a GDS recovery period
The straight-line method over an ADS recovery period.
The 200% declining balance method over a GDS recovery period.
The 200% declining balance method over an ADS recovery period.
Please provide reason for your answer

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