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Johnny Appleseed Inc. recently purchased a fruit picking machine for $88,000 that it uses 100% in production. Transportation cost to bring the...
4.Book depreciation is defined by IRS rules, while tax depreciation is defined by GAAP rules.
A.True B.False
A.$11,000 B.$10,000 C$10,500 D$10,300
10.A sole proprietorship can deduct 100% of the depreciation related to a company car even when he or she uses the car for personal purposes.
A True b false