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Phil owns a ranch business and uses fourwheelers to do much of his work. Occasionally, though, he and his boys will go for a ride together as a family activity. During year Phil put miles on the fourwheeler that he bought on January for $ Of the miles driven, only miles were for personal use. Assume fourwheelers qualify to be depreciated according to the fiveyear MACRS schedule and the fourwheeler was the only asset Phil purchased this year. Use MACRS Table Table Table Table and Table
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
b Calculate the allowable depreciation for year if total miles were and personaluse miles were ignore the expense and bonus depreciation
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