Business, 26.10.2020 16:40 BeautyxQueen

On June 5, 2018, Leo purchased and placed in service a new car that cost $75,000. The business use percentage for the car is always 100%. Leo does not claim any available additional first-year depreciation. Compute Leo’s cost recovery deduction for 2018 and 2019.

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On June 5, 2018, Leo purchased and placed in service a new car that cost $75,000. The business use p...