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Yakvenalex [24]
3 years ago
11

Jasper is a self-employed businessman. on march 5, 2015 he purchases a personal computer for use at his home. he uses the comput

er for personal purposes 50 percent of the time and for business use the remainder of the time. the computer cost $2,300. jasper wants to claim the maximum amount of depreciation possible for 2015, including the election to expense, if it is available. what is the amount of depreciation that jasper should claim on the computer for 2015?
Business
1 answer:
g100num [7]3 years ago
7 0
Jasper could most certainly claim depreciation on the computer that is, 50% of it plus 50% of the purchase price and I know because I am self-employed too and I know that legitimate office expenses like a new printer, printer paper etc can be claimed according to the amount used for the business.
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Answer:

96.5%

Explanation:

Data provided in the question:

Purchase price i.e the value = $278,000

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Therefore,

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= $268,270

Thus,

loan-to-value on the loan = [ loan value ÷ value ] × 100%

= [ $268,270 ÷ $278,000 ] × 100%

= 96.5%

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