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kassidyh7486Lv1
6 Jan 2023
United States tax law
Neon LLC bought a truck on 8/21 in year 1 for $45,000 and use half-year convention to compute the depreciation. Neon LLC did not elect to take $179 or bonus depreciation in the year it acquired the truck. Neon LLC disposed the truck on 1/14 in year 4. Please determine the depreciation expense for year 4.
A. $5,184
B. $648
C. None of above
D. $2,592
E. $2.810
United States tax law
Neon LLC bought a truck on 8/21 in year 1 for $45,000 and use half-year convention to compute the depreciation. Neon LLC did not elect to take $179 or bonus depreciation in the year it acquired the truck. Neon LLC disposed the truck on 1/14 in year 4. Please determine the depreciation expense for year 4.
A. $5,184
B. $648
C. None of above
D. $2,592
E. $2.810
mohitmahajan714Lv10
1 Mar 2023
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7 Jan 2023
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6 Jan 2023
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6 Jan 2023
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6 Jan 2023
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