Solution-Calculate bonnie jos depreciation expense during

Calculate bonnie jos depreciation expense during first year

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Reference no: EM132365347

Question

Bonnie Jo purchased a used camera (5-year property) for use in her sole proprietorship. The basis of the camera was $3,400. Bonnie Jo used the camera in her business 70 percent of the time and used it for personal purposes the rest of the time during the first year. Calculate Bonnie Jo's depreciation expense during the first year assuming the sole proprietorship had a loss during the year (Bonnie did not place the property in service in the last quarter).

Reference no: EM132365347

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Calculate bonnie jos depreciation expense during first year

Reference no: EM132365347

Reference no: EM132365347

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