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Arlington LLC purchased an automobile for $40,000 on July 5, 2017. What is Arlington's depreciation expense for 2017 if its business use percentage is 75
Arlington LLC purchased an automobile for $40,000 on July 5, 2017. What is Arlington's depreciation expense for 2017 if its business use percentage is 75 percent (ignore any possible bonus depreciation)? Exhibit 10-8
A. 2370
B. 3160
C. 6000
D. 8000
E. None of these are correct.
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