Lb corporation purchased a business car in june 2015 for, Ask an Expert

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LB Corporation purchased a business car in June 2015 for $42,000. The car weighs 4,000 pounds and will be used 100 percent of the time in the business. Compute the largest depreciation deduction possible in 2015. No other property purchases were made during the year. (Consider bonus depreciation and the Section 179 deduction, if applicable.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91972797

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