Homework Answers
Solution: $6,000
Working:
According to section 179 deduction and depreciation tax payer can deduct in 2018 for a passenger automobile, inclusive of a van or truck, it's use in the business and first placed in service for an amount of $10,000,
Thus, in 2018 depreciation on the auto will be:
= $10,000 (maximum depreciation) * 60% (business used)
= $6,000
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