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Author Question: Maria, a sole proprietor, has several items of office furniture and equipment which are depreciable. ... (Read 78 times)

james0929

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Question 1

Kenrick is an employee of the Theta Corp. sales department. He uses his automobile 75% for making sales calls. He can deduct depreciation on his auto by reporting on Form 4562 (Depreciation and Amortization).
◦ true
◦ false

Question 2

Maria, a sole proprietor, has several items of office furniture and equipment which are depreciable. All were acquired before this year. She is not required to report her depreciation deduction on form 4562.
◦ true
◦ false


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Marked as best answer by james0929 on Sep 13, 2020

Brummell1998

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james0929

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


upturnedfurball

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Reply 3 on: Yesterday
Excellent

 

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