Joyce Purchased a Passenger Automobile on March 2, 2015

question 29

Essay

Joyce purchased a passenger automobile on March 2, 2015. She paid $12,000 for the automobile and can support business use of 85 percent. Calculate the amount of depreciation on the automobile for 2015 using the accelerated MACRS method (if available), assuming Joyce does not make the election to expense or claim bonus depreciation.

---

Definitions:

Customers Served

The number of clients or consumers that have been provided services or goods by a business.

Flexible Budget Performance Report

A report that compares actual performance against budgeted figures that are adjusted (flexed) for the actual level of output or revenue.

Patient-Visits

A term used in healthcare management to refer to the number of times patients see a healthcare provider or visit a healthcare facility.

Activity Variances

Differences between planned and actual costs in various business activities, analyzed for budgetary control and cost management purposes.