Homework Answers
| Answer |
| Explanation : |
| 14. Note: The listed property does not pass the predominantly business usage test. |
| We cannot take 179 expensing or additional first-year depreciation (if available). In addition, only straight-line cost recovery can be used. |
| Maximum deduction = (50,000 * .0714 * 40%) |
| = $1,428 |
| Therefore, the maximum deduction is $1,428 |
| Note:- As per guideline I have answered 1st part of the question. |
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The auto was the only business asset she purchased during the year
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alternative scenarios (assuming half-year convention for all)
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