What is the macrs depreciation deduction on the automobile

Reference no: EM13567087

Trish, a self employed CPA and calendar year taxpayer acquires and places in service an automobile and a personal computer. Pertinent data include the following:

Assets Date Acquired Total original cost portion of business usage Sec.179 election

Automobile 1/2/13 $21,000 60% No

Personal computer 7/1/13 4,000 40% No

What is the MACRS depreciation deduction on the automobile BEFORE the luxury auto limitation, assuming no bonus and no Sec. 179 expensing?

What is the amount of the depreciation deduction for the computer for 2013?

What is the ceiling limitation based on Trish's business use percentage of the car?

Reference no: EM13567087

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