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[4] Mr. D purchased an automobile for use in his business for $10,000 in 2014. For the years 2016 through 2020, he used the maximum
[4] Mr. D purchased an automobile for use in his business for $10,000 in 2014. For the years 2016 through 2020, he used the maximum standard mileage rate to figure his car expense deduction. What would Mr. D's car expense deduction be in 2021, using the standard mileage rate, if the auto was driven 20,000 miles for business use, and the business mileage from prior years is 100,000 miles? A. $11,800 B. $11,200 C. $11,600 D. $11,500
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