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The max depreciation allowed for 2019 and 2020 are

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On April 5, 2019, Kinsey places in service a new passenger automobile that cost $60,000. The car is used 100% for business in each tax year. Kinsey uses the MACRS 200% declining-balance method of cost recovery (the auto is a 5-year asset).

Assume Kinsey elects any available additional first-year depreciation. the max depreciation allowed for 2019 and 2020 are?

Reference no: EM132385779

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