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Business, 04.11.2019 22:31 lovelarissa

On july 1, 2014, rex purchases a new automobile for $40,000. he uses the car 80% for business and drives the car as follows: 8,000 miles in 2014, 19,000 miles in 2015, 20,000 miles in 2016, and 15,000 miles in 2017. determine rex's basis in the business portion of the auto as of january 1, 2018, under the following assumptions: if required, round answers to the nearest dollar. a. rex uses the automatic mileage method. compute his basis adjustments for depreciation for each year.2014: $2015: $2016: $2017: $

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On july 1, 2014, rex purchases a new automobile for $40,000. he uses the car 80% for business and dr...
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