Joyce purchased a passenger automobile on March 2, 2015. She paid $12,000 for the automobile and can support business use of 85 percent. Calculate the amount of depreciation on the automobile for 2015 using the accelerated MACRS method (if available), assuming Joyce does not make the election to expense or claim bonus depreciation.

Question

Quizplus · Accepted Answer

The Answer of Joyce purchased a passenger automobile on March 2, 2015. She paid $12,000 for the automobile and can support business use of 85 percent. Calculate the amount of depreciation on the automobile for 2015 using the accelerated MACRS method (if available), assuming Joyce does not make the election to expense or claim bonus depreciation.

Joyce Purchased a Passenger Automobile on March 2, 2015