Accounting class

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Essay Question: 


1.  How much straight line depreciation would you take in year 1 for a SUV used in your business.

     Purchased January 1, 2016.  Cost is $45,000, estimated life is 5 yrs with salvage value of $5,000.

2.  Go to: 

http://mcmullancpas.com/blog/2016/06/08/heavy-vehicle-purchases-offer-significant-business-tax-breaks/ (Links to an external site.)Links to an external site.

 (Links to an external site.)Links to an external site.   


 After reading the article, how much tax depreciation is allowed the first year for a SUV?

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