On June 1,2021, Leo purchased and placed in service a new...
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Accounting
On June Leo purchased and placed in service a new car that cost $ The business use percentage for the car is always He does not take the additional firstyear depreciation or any
If required, round your answers to the nearest dollar.
Click here to access the depreciation table of the textbook. Click here to access the limits for certain automobiles.
a What MACRS convention applies to the new car?
Halfyear
b Is the automobile considered "listed property"?
Yes
c Leo's cost recovery deduction in is $fill in the blank
and for is $fill in the blank
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