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How much the first year of a car depreciation expense be

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Reference no: EM132929815

Question - Using the Double-decline method balance. And assuming the IRS recovery period is five years if you purchased a car on Jan 1, 2019, how much would the first year of a car's depreciation expense be, if the cost basis of the car is $35,000 and the salvage value is $5000?

Reference no: EM132929815

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