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On June 1, 2022, TreePro Corporation purchased a passenger automobile for 100 percent use in...

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Accounting

On June 1, 2022, TreePro Corporation purchased a passenger automobile for 100 percent use in its business. The automobile is in the 5-year cost recovery class and has a basis for depreciation of $45,000. TreePro elects the accelerated method of cost recovery for the asset and takes bonus depreciation. What is the total tax depreciation deduction for the 2022 calendar tax year (Year 1)? a. $14,400 b. $45,000 c. $9,000 d. $19,200

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