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***** Bonus Depreciation Decision Car purchased for $65,000 Placed...

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Accounting

*****
Bonus Depreciation Decision
Car purchased for $65,000
Placed in service on March 8,2023
Eligible for 100% Bonus Depreciation
5-year MACRS depreciation
Analyze the following:
Depreciation deduction for Year 1 if Bonus Depreciation is taken.
Depreciation deduction for Year 1 if Bonus Depreciation is NOT taken.
Discuss the factors Jackie shoul
Comparing Depreciation Methods over Time
Car purchased for $42,000
Placed in service on August 30,2023
Section 179 Expense elected: $6,000
Eligible for 100% Bonus Depreciation
Calculate the depreciation deductions for Year 1 AND Year 2 under the following scenarios:
Scenario A: Bonus Depreciation taken
Scenario B: Bonus Depreciation NOT taken, regular MACRS depreciation used

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