Solve Tina current year MACRS depreciation deduction

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Tina is a self-employed CPA who purchases an automobile for $79,000 and places it into service in 2020.

Problem 1: Calculate Tina's current year MACRS depreciation deduction, assuming she does not elect Sec. 179 expensing, she elects out of bonus depreciation, and the half-year convention applies.

a. Tina uses the vehicle 60% for her business and 40% for personal purposes.

b. Tina uses the vehicle 40% for her business and 60% for personal purposes.

Reference no: EM132706846

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