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What is the maximum depreciation allowed

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Point 1: 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).

Question 1: Assume Kinsey elects any available additional first-year depreciation. The maximum depreciation allowed for 2019 is $____ and for 2020 is

 

Reference no: EM132487655

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