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46. On July 10, 2021, Ariff places in service a SUV that costs $ 70,000 and weighed 6,300 pounds. The SUV is used 100% for
46. On July 10, 2021, Ariff places in service a SUV that costs $ 70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2021, assuming Ariff's Code Section 179 business income is $ 110,000. Ariff does not take additional first-year depreciation. a. $2,960 b. $ 34,960 c. $ 35,160 d. $ 70,000
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Be Financially Free How To Become Salary Independent In Today S Economy
Authors: Morten Strange
1st Edition
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