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[23] Bill Black purchased and placed into service during 2022 an automobile costing $80,000. Bill used the car exclusively for business purposes. Assuming no Sec.

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[23] Bill Black purchased and placed into service during 2022 an automobile costing $80,000. Bill used the car exclusively for business purposes. Assuming no Sec. 179 election and no bonus depreciation, how much depreciation can Bill take on the car in 2022 ? A. $16,000 B. $19,200/8,200 C. $18,000 D. $34,20010,200 [24] Disallowed passive losses or credits may be carried forward indefinitely or carried back for A. No corryback is allowed. B. 3 years. C. 5 years. 0. 2 years. [23] Bill Black purchased and placed into service during 2022 an automobile costing $80,000. Bill used the car exclusively for business purposes. Assuming no Sec. 179 election and no bonus depreciation, how much depreciation can Bill take on the car in 2022 ? A. $16,000 B. $19,200/8,200 C. $18,000 D. $34,20010,200 [24] Disallowed passive losses or credits may be carried forward indefinitely or carried back for A. No corryback is allowed. B. 3 years. C. 5 years. 0. 2 years

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