On April 5,2023, Kinsey places in service a new automobile that cost $58,250. He does...
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Accounting
On April Kinsey places in service a new automobile that cost $ He does not elect expensing, and he elects not to take any available additional firstyear depreciation. The car is used for business and for personal use in each tax year. Kinsey uses the regular MACRS method of cost recovery the auto is a year asset Click here to access the depreciation table to use for this problem. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for:
On April Kinsey places in service a new automobile that cost $ He does not elect expensing, and he elects not to
take any available additional firstyear depreciation. The car is used for business and for personal use in each tax year. Kinsey
uses the regular MACRS method of cost recovery the auto is a year asset
Click here to access the depreciation table to use for this problem.
If required, round your final answers to the nearest dollar.
Compute the total depreciation allowed for:
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