Please help, due tonight! Limitations on Listed Property (LO. 8) On June 1,...
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Please help, due tonight!
Limitations on Listed Property (LO. 8) On June 1, 2019, Kirsten buys an automobile for $73,700. Her mileage log for the year reveals the following: 22,000 miles for business purposes; 6,800 miles for personal reasons; and 3,000 miles commuting to and from work. Refer to the MACRS Depreciation Tables to answer the following question. Note: Do not round percentage computations. Round your answer to the nearest whole dollar. Assuming a 5-year MACRS recovery period, Kirsten's maximum cost-recovery deduction for 2019 is s 6,987 X
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