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What is the allowable depreciation deduction

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Question - You buy an escalade in 2019 for $80,000. Luxury automobiles have a depreciation ceiling in year 1 of $10,000. Vehicles are 5-year property. You use this vehicle 75% for business. Assume half-year convention. You do not take any section 179 or bonus depreciation. What is the allowable depreciation deduction for 2019?

Reference no: EM132411961

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