Luxury auto limitations tracy acquires an automobile macrs

Reference no: EM13583797

Luxury Auto Limitations. Tracy acquires an automobile (MACRS 5-year recovery) on March 1, 2013. He uses the automobile 70% of the time in his business and 30% of the time for personal use. The automobile cost $36,000, and no amounts are expensed under Sec. 179 or bonus depreciation.

a. What is depreciation for 2013-2018 and any subsequent years?

b. How would your answer to Part a change if the vehicle were a SUV with a gross vehicle weight rated (GVWR) of over 6,000 pounds and Tracy elected to expense the SUV under Sec. 179?

c. What is the amount deductible in 2013 and 2014 if the taxpayer elects to take advantage of bonus depreciation?

Reference no: EM13583797

Questions Cloud

The ratio of carbon hydrogen and oxygen atoms in a molecule : the ratio of carbon hydrogen and oxygen atoms in a molecule is 461. what is the molecular formula of the compound if

A 50-g bullet is fired from a rifle having a barrel 0540 m : a 50-g bullet is fired from a rifle having a barrel 0.540 m long. choose the origin to be at the location where the

Effective december 31 2003 zintel corporation proposes to : effective december 31 2003 zintel corporation proposes to issue additional shares of its common stock in exchange for

What is the empirical formula of a compound that is 507 : what is the empirical formula of a compound that is 50.7 percent antimony and 49.3 percent selenium by

Luxury auto limitations tracy acquires an automobile macrs : luxury auto limitations. tracy acquires an automobile macrs 5-year recovery on march 1 2013. he uses the automobile 70

Which concept would explain why the carbon to carbon bond : which concept would explain why the carbon to carbon bond lengths in benzene c6h6 are identical? ahybridization blondon

Compute the expected value of the size of the freshman : 1. define the random variable x to be the time you get home on thursday. a is x a discrete or continuous random

Which source document do you believe is most important to : which source document do you believe is most important to the accounting process and why?

Explain the differences between centralization and : could somebody help me with these three questions? all in apa format and question one is a research paper and must have

User Account

All Pages