Shellie Purchased a Passenger Automobile on March 2, 2014

question 88

Essay

Shellie purchased a passenger automobile on March 2, 2014. She paid $14,000 for the automobile and can support business use of 85 percent. Calculate the amount of depreciation on the automobile for 2014 using the accelerated MACRS method (if available), assuming Shellie does not make the election to expense or claim bonus depreciation.

---

Definitions:

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower and middle parts of the body to the right atrium of the heart.

Duodenum

The first section of the small intestine immediately beyond the stomach, which is primarily responsible for the initial stages of digestive processing.

Villi

Small, finger-like projections that extend into the lumen of the small intestine, increasing the surface area for absorption of nutrients.

Secretin

A hormone produced by the small intestine that regulates water homeostasis throughout the body and stimulates the secretion of digestive juices.