purchas for use in business during she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including §179 expense unless stated otherwise) for the automobile in 2023 and 2024 (Lina doesn't want to take bonus depreciation for 2023 or 2024) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1. Table 2, and Exhibit 10-10.) Problem 10-67 Part c (Algo) c. The vehicle cost $80,800, and she used it 80 percent for business. Year 2023 2024 el Depreciation deduction
purchas for use in business during she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including §179 expense unless stated otherwise) for the automobile in 2023 and 2024 (Lina doesn't want to take bonus depreciation for 2023 or 2024) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1. Table 2, and Exhibit 10-10.) Problem 10-67 Part c (Algo) c. The vehicle cost $80,800, and she used it 80 percent for business. Year 2023 2024 el Depreciation deduction
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Lina purchased a new car for use in her business during 2023. The auto was the only business asset
she purchased during the year, and her business was extremely profitable. Calculate her maximum
depreciation deductions (including §179 expense unless stated otherwise) for the automobile in 2023
and 2024 (Lina doesn't want to take bonus depreciation for 2023 or 2024) in the following alternative
scenarios (assuming half-year convention for all): (Use MACRS Table 1. Table 2, and Exhibit 10-10.)
Problem 10-67 Part c (Algo)
c. The vehicle cost $80,800, and she used it 80 percent for business.
Depreciation
deduction
Year
2023
2024
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