Mike purchases a new heavy-duty truck (5 year class recovery property)I for his delivery service on March 30.2019. No other asse

Question

3 years ago

13

Mike purchases a new heavy-duty truck (5 year class recovery property)I for his delivery service on March 30.2019. No other asse

ts were purchased during the year. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations.
the truck has a depreciable basis of $42,000 and an estimated life of 5 years. Assume half year convention for tax.
Calculate the amount of depreciation for 2019 using the straight line depreciation(not the straight line MACRS election)over the truck
's useful life.

Business

1 answer:

zzz [600] · Answer 1 · 2022-06-27T03:14:37+03:00

zzz [600]3 years ago

4 0

Answer:

i dont know sorry

Explanation: