Compute leo cost recovery deduction


On June 5, 2011, leo purchased and plaved in service a new car that cost $20,000. the business use percentage for the car is always 100%. he elects not to take additional firstyear depreciation. compute leo's cost recovery deduction in 2011 and 2012.

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Accounting Basics: Compute leo cost recovery deduction
Reference No:- TGS068398

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