Maggie purchased a passenger car on June 1, 2022 for $28,000. She placed it in service in her business on June 1, 2022 and it is used exclusively for the business. What is Maggie's cost recovery deduction in 2022 assuming she did not elect $179 expensing but did take bonus depreciation. O 18,200 O 13,440 19,200 28,000 2

Maggie purchased a passenger car on June 1, 2022 for $28,000. She placed it in service in her business on June 1, 2022 and it is used exclusively for the business. What is Maggie's cost recovery deduction in 2022 assuming she did not elect $179 expensing but did take bonus depreciation. O 18,200 O 13,440 19,200 28,000 2

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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