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Arlington LLC purchased an automobile (5-year property) for $74,000 on July 5, 2020. What is Arlington's depreciation deduction for 2020 if its business-use percentage is
Arlington LLC purchased an automobile (5-year property) for $74,000 on July 5, 2020. What is Arlington's depreciation deduction for 2020 if its business-use percentage is 73 percent? (Ignore any possible bonus depreciation.)
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