Max purchases a new auto in 2016 at a cost of $56,000. He uses the car 80% for business. Assuming a half-year convention, bonus depreciation but no immediate expensing, what is the depreciation deduction on the auto?

Question

​Max purchases a new auto in 2016 at a cost of $56,000. He uses the car 80% for business. Assuming a half-year convention, bonus depreciation but no immediate expensing, what is the depreciation deduction on the auto?

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The Answer of ​Max purchases a new auto in 2016 at a cost of $56,000. He uses the car 80% for business. Assuming a half-year convention, bonus depreciation but no immediate expensing, what is the depreciation deduction on the auto?

​Max Purchases a New Auto in 2016 at a Cost

Max Purchases a New Auto in 2016 at a Cost