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Business, 13.11.2019 02:31 antoniaannswiney

On april 5, 2019, kinsey places in service a new automobile that cost $36,000. he does not elect § 179 expensing, and the elects not to take any available additional first-year depreciation. the car is used 70% for business and 30% for personal use in each tax year. kinsey chooses the macrs 200% declining-balance method of cost recovery (the auto is a 5-year asset). assume the following luxury automobile limitations: year 1: $10,000; year 2: $16,000. compute the total depreciation allowed for 2019 and 2020.

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On april 5, 2019, kinsey places in service a new automobile that cost $36,000. he does not elect § 1...
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