On March 15,2024, Helen purchased and placed in service a new Acura MDX. The purchase...
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Accounting
On March Helen purchased and placed in service a new Acura MDX The purchase price of the automobile was $ and the vehicle had a rating of GVW The vehicle was used for business.
If required, round your answers to the nearest dollar.
Click here to access the depreciation table to use for this problem.
a Assuming that Helen does not use additional firstyear depreciation, calculate the total depreciation deduction that she can take on the vehicle for
Section expense $fill in the blank
MACRS cost recovery fill in the blank
Total deduction $fill in the blank
b What is her total depreciation deduction if Helen decided to take additional firstyear depreciation?
$fill in the blank
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