problem 41, LB Corporation purchased a business car in June 2015 for $42,000. The car...
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Accounting
problem 41, LB Corporation purchased a business car in June 2015 for $42,000. The car weighs 4,000 pounds and will be used 100 percent of the time in the business. Compute the largest depreciation deduction possible in 2015. No other property purchases were made during the year. (Consider bonus depreciation and the Section 179 deduction, if applicable.) Refer to the facts in Problem 41 and assume the business car purchased is an SUV weighing 8,000 pounds. Compute the largest depreciation deduction possible in 2015. (Consider bonus depreciation and the Section 179 deduction, if applicable.)
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