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Calculate Jay depreciation deduction

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Reference no: EM132991151

Question - Modified Accelerated Cost Recovery System (MACRS), Listed Property, Limitation on Depreciation of Luxury Automobiles

On September 14, 2019, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $40,000, and Jay uses the accelerated method under MACRS. Jay does not elect to expense under section 179.

Calculate Jay's depreciation deduction for 2019 assuming bonus depreciation.

Reference no: EM132991151

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