Holly is a small business owner whose income is reported on schedule c. she placed her 2016 honda accord into service when she purchased it on january 1, 2018 for $24,000. she did not claim any §179 expense, but she did claim bonus depreciation. in 2018, she drove her vehicle 9,600 miles for business, 5,200 commuting miles, and a total of 18,000. what is holly's depreciation for the car in 2018?
$9,600
$12,000
$18,000
$24,000

$12,000

Explanation:

In calculating deprecation, a small business can use the convention method or follow the guidelines provided by the IRS guidelines for claiming depreciation.

Holly car was purchased in January 1 , 2018 for $ 24,000. Depreciation for 2018 will be first first. Under schedule C. first year depreciation is at 50 percent.

Therefore deprecation = 50/100 x $ 24,000.00

                                        =$12,000.00

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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