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26. On July 1, 2018, a calendar-year corporation purchases a new passenger auto for $25,000. The maximum tax depreciation allowed on the auto in 2018
26. On July 1, 2018, a calendar-year corporation purchases a new passenger auto for $25,000. The maximum tax depreciation allowed on the auto in 2018 is...
A.) $25,000
B.) $12.500
C.) $18,000
D.) $5,000
For the asset in Question 26, maximum depreciation in Year 6 will be...
A. $0
B. $403
C. $1,440
D. $5,760
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