Mike purchases a new heavy-duty truck (5 year class recovery property) I for his delivery service on March 30.2019. No other assets were purchased during the year. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations.
the truck has a depreciable basis of $42,000 and an estimated life of 5 years. Assume half year convention for tax.
Calculate the amount of depreciation for 2019 using the straight line depreciation (not the straight line MACRS election) over the truck
's useful life.
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