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Mathematics, 14.09.2019 10:10 elianagilbert3p3hh63
Phil owns a ranch business and uses four-wheelers to do much of his work. occasionally, though, he and his boys will go for a ride together as a family activity. during year 1, phil put 943 miles on the four-wheeler that he bought on january 15 for $8,500. of the miles driven, only 213 miles were for personal use. assume four-wheelers qualify to be depreciated according to the five-year macrs schedule and the four-wheeler was the only asset phil purchased this year. (use macrs table 1, table 2, table 3, table 4 and table 5.) calculate the allowable depreciation for year 1 (ignore the §179 expense and bonus depreciation)
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Phil owns a ranch business and uses four-wheelers to do much of his work. occasionally, though, he a...
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