please answer Q 39 . within 30 minutes.. 39. Refer to the facts in Problem 38 and assumethe business car purchased is an SUVweighing 8,000 pounds. Compute the largestdepreciation deduction possible in 2022 and mol2023. (Consider bonus depreciation and the adSection 179 deduction, if applicable.) to38. LB Corporation purchased a business car inJune 2022 for $62,000. The car weighs 4,000o pounds and will be used 100 percent of thetime in the business. Compute the largestmois depreciation deduction possible in 2022 and2023. No other property purchases were madeduring the year. (Consider bonus depreciationand the Section 179 deduction, if applicable.)

39. As per the rules the trucks are over 6000 pounds. loaded gross vehicle weight and also which are…

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

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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Question

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.)

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