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Car placed in service on May 16, 2018, four $23,500. no bonus depreciation claimed and the...

Car placed in service on May 16, 2018, four $23,500. no bonus depreciation claimed and the car was used 55% for business. What is the greatest allowable depreciation deduction amount for the SECOND year?
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Answer #1

The car is used for more than 50% for business purposes hence depreciation can be claimed. For first year it is $10000 reduced by personal use plus $8000 bonus depreciation . In second year it is $16000 reduced by personal use. Hence depreciation deduction for year second is $16000×55%= $8800. Answer is $8800 allowed

Note bonus depreciation is not taken in this situation

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