Betty purchases a used $12,000 car in 2014, to use exclusively in her business.
a. What will the standard MACRS depreciation schedule be for the 6 years the auto is depreciated?Year 1:Year 2:Year 3:Year 4:Year 5:Year 6:
b. If Betty holds the car until it is fully depreciated, and uses straight-line depreciation, how many years will this take?

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The Answer of Betty purchases a used $12,000 car in 2014, to use exclusively in her business.
a. What will the standard MACRS depreciation schedule be for the 6 years the auto is depreciated?Year 1:Year 2:Year 3:Year 4:Year 5:Year 6:
b. If Betty holds the car until it is fully depreciated, and uses straight-line depreciation, how many years will this take?

Betty Purchases a Used $12,000 Car in 2014, to Use