Refer to the facts in Problem 38 and assume the business car purchased is an SUV weighing 8,000 pounds. Compute the largest depreciation deduction possible in 2022 and 2023. (Consider bonus depreciation and the ad Section 179 deduction, if applicable.) to Bisn
Refer to the facts in Problem 38 and assume the business car purchased is an SUV weighing 8,000 pounds. Compute the largest depreciation deduction possible in 2022 and 2023. (Consider bonus depreciation and the ad Section 179 deduction, if applicable.) to Bisn
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please answer Q 39 . within 30 minutes..
![39. Refer to the facts in Problem 38 and assume
the business car purchased is an SUV
weighing 8,000 pounds. Compute the largest
depreciation deduction possible in 2022 and mol
2023. (Consider bonus depreciation and the ad
Section 179 deduction, if applicable.) to
38. LB Corporation purchased a business car in
June 2022 for $62,000. The car weighs 4,000
o pounds and will be used 100 percent of the
time in the business. Compute the largest
mois depreciation deduction possible in 2022 and
2023. No other property purchases were made
during the year. (Consider bonus depreciation
and the Section 179 deduction, if applicable.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F951f2231-86e9-407d-a37c-7af21b435d5e%2F2269ad37-e7de-452b-9e42-5a4c31bd0fe7%2Fic3uls_processed.png&w=3840&q=75)
Transcribed Image Text:39. Refer to the facts in Problem 38 and assume
the business car purchased is an SUV
weighing 8,000 pounds. Compute the largest
depreciation deduction possible in 2022 and mol
2023. (Consider bonus depreciation and the ad
Section 179 deduction, if applicable.) to
38. LB Corporation purchased a business car in
June 2022 for $62,000. The car weighs 4,000
o pounds and will be used 100 percent of the
time in the business. Compute the largest
mois depreciation deduction possible in 2022 and
2023. No other property purchases were made
during the year. (Consider bonus depreciation
and the Section 179 deduction, if applicable.)
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