Brent uses the actual cost method. [Assume that no 179 expensing is claimed and...
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Brent uses the actual cost method. [Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used. The recovery limitation for an auto placed in service in 2019 is as follows: $10,100 (first year), $16,100 (second year), $9,700 (third year), and $5,760 (fourth year).]
Compute his depreciation deductions for year.
2019:
2020:
2021:
2022:
Brent's adjusted basis in the auto on January 1, 2023, is
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