Patrick purchased a used passenger automobile on June 1,2013.He paid $17,000 for the automobile.During 2013,he uses the automobile 80 percent of the time for business.Patrick wishes to claim the maximum amount of depreciation possible.
a.Calculate Patrick's depreciation expense on the automobile for 2013.
b.Calculate Patrick's depreciation expense on the automobile for 2014,assuming the same 80 percent business use.

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The Answer of Patrick purchased a used passenger automobile on June 1,2013.He paid $17,000 for the automobile.During 2013,he uses the automobile 80 percent of the time for business.Patrick wishes to claim the maximum amount of depreciation possible.
a.Calculate Patrick's depreciation expense on the automobile for 2013.
b.Calculate Patrick's depreciation expense on the automobile for 2014,assuming the same 80 percent business use.

Patrick Purchased a Used Passenger Automobile on June 1,2013