Annigion LLC purchased an automobile for $61,000 on July 5, 2020. What is Arlington's depreciation deduction for 2020 if its business-use percentage is 60 percent? (Ignore any possible bonus depreciation) (Use Exhibit 10.10.) Multiple Choice $4,700 $6300 $6,060 Recovery EXHIBIT 10-10 Automobile Depreciation Limits Year Placed in Service Year 2020* 2019 2018 2017 1 10,100 10,100 10,000* 3.160* 2 16,100 16,100, 16,000 5,100 3 9,700 9,700 9,600 3.050 4 and after 5,760 5,760 5,760 1,875 *As of press date, the IRS had not released the 2020 limitations for automobiles, so throughout the chapter we use the same lomitations as in 2019 for 2020 **$8,000 additional depreciation is allowed when bonus depreciation is claimed [$168(k)(2)(F)]