Mike puchased a heavy duty truck (5yr class recovery property) for his business on April 30, 2016. The truck is not considered a passenger automobile fo purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39080, est life 5yrs. Assume half yr conventions tax:
Question: Assume no income limit on the expense election. Calculate the amt of dep for 2016 including bonus depreciation and the election to expenses that Mike can deduct.
Could you please show your work?