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Amy purchased a passenger automobile in 2021 for $53,000. She used it 75% for her business and 25% for personal purposes. What is her maximum
Amy purchased a passenger automobile in 2021 for $53,000. She used it 75% for her business and 25% for personal purposes. What is her maximum depreciation deduction for her first year, if she does not claim the special depreciation allowance? (The mid-quarter convention does not apply.) $7,650 $7,950 $10,200 $10,600
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