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Calculate the total depreciation deduction

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Problem - On March 15, 2019, Helen purchased and placed in service a new Escalade. The purchase price was $62,000, and the vehicle had a rating of 6,500 GVW. The vehicle was used 100% for business.

Required -

a. Assuming that Helen does not use additional first-year depreciation, calculate the total depreciation deduction that she can take on the vehicle for 2019.

b. What would your answer be if Helen decided to take additional first-year depreciation?

Reference no: EM132667616

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