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Author Question: David acquired an automobile for $30,000 for use in his unincorporated business at the beginning of ... (Read 93 times)

notis

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on: Sep 13, 2020
David acquired an automobile for $30,000 for use in his unincorporated business at the beginning of 2016 and used the standard mileage rate method in 2016. He plans to switch to the actual expense method for 2017.  The automobile was used 25,000 miles in 2016. What is the amount of the adjusted basis of the automobile for purposes of computing depreciation in 2017?
◦ $30,000
◦ $15,625
◦ $24,000
◦ $20,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by notis on Sep 13, 2020

Pariscourtney

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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notis

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

amit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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