Homework Answers
Answer:
Only Business use decuction is eligable.
it has been assume life of car is 5 year.
that dep. Rate is 20%
Total Dep.=30,000*20%/2 =$3,000
Business use =$3,000*40%
=$1,200
MACRS Percentage Table
Year 3 Year 5 Year 7
Year 1 33.33% 20.00% 14.29%
Year 2 44.45% 32.00% 24.49%
Year 3 14.81% 19.20% 17.49%
Year 4 7.41% 11.52% 12.49%
Year 5 11.52% 8.93%
Year 6 5.76% 8.92%
Year 7 8.93%
Year 8 4.47%
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