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Arlington LLC purchased an automobile for 40,000 on July 5,2015. What is Arlington's depreciation expense for 2015 if its business use percentage is 75% (ignore
Arlington LLC purchased an automobile for 40,000 on July 5,2015. What is Arlington's depreciation expense for 2015 if its business use percentage is 75% (ignore any possible bonus depreciation)
A. 2,370
B. 3,160
C. 6,000
D. 8,000
E. None of these
Note: A small explanation to solve this problem will be greatly appreciated.
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