Daily Archives : 22 April 2020

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Assets that Can and Cannot Be Depreciated

On April 22, 2020, Posted by , in Bookkeeping, With No Comments

This $2,900 is below the maximum depreciation deduction of $10,200 for passenger automobiles placed in service in 2022. In June 2018, Ellen Rye purchased and placed in service a pickup truck that cost $18,000. Ellen used it only for qualified business use for 2018 through 2021. Ellen claimed a section…