Homework SourseBetty purchased a used 12000 car in 2012 to use exclusively
Betty purchased a used $12,000 car in 2012 to use exclusively in her business.
What will the standard MACRS depreciation schedule be for the first 6 years the auto is depreciation?
Year1:
Year2:
Year3:
Year4:
Year5:
Year6:
Solution
Answer:
Here Betty purchased a used $12,000 car in 2012 to use exclusively in her business.
His depreciation deduction for each year is computed in the following table
| Year | MACRS Calculations | Amount |
| 1 | 12000*20% | 2400 |
| 2 | 12000*32% | 3840 |
| 3 | 12000*19.20% | 2304 |
| 4 | 12000*11.52% | 1382.4 |
| 5 | 12000*11.52% | 1382.4 |
| 6 | 12000*5.76% | 691.2 |
