Ursula LLC purchased an automobile for $64,000 on July 5, 2022. What is Ursula's depreciation deduction for 2022 if its business-use percentage is 63 percent? (Ignore any possible bonus depreciation.)

Ursula LLC purchased an automobile for $64,000 on July 5, 2022. What is Ursula's depreciation deduction for 2022 if its business-use percentage is 63 percent? (Ignore any possible bonus depreciation.)

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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Ursula LLC purchased an automobile for $64,000 on July 5, 2022. What is Ursula's depreciation
deduction for 2022 if its business-use percentage is 63 percent? (Ignore any possible bonus
depreciation.)

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