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On March 31, 2015 bot a new vett and traded in another car

Customer Question
On March 31, 2015 bot a...
On March 31, 2015
bot a new vett and traded in another car on it.
undepreciated value of trade in was 45,000
cost of new vett 70,000
how do i compute depreciation to get as much as possible?
Macrs
Section 179
Bonus Depreciation
Submitted: 1 year ago.Category: Tax
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Answered in 27 minutes by:
3/9/2016
Tax Professional: Jason M. Tyra, CPA, Certified Public Accountant (CPA) replied 1 year ago
Jason M. Tyra, CPA
Jason M. Tyra, CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 178
Experience: Principal at Jason M. Tyra, CPA, PLLC
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Hi Jack-

Were these vehicles business assets or were they for personal use in 2015?

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