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Arlington LLC purchased an automobile for $55,000 on July 5, 2018. What is Arlington's depreciation expense for 2018 if its business use percentage is 75
Arlington LLC purchased an automobile for $55,000 on July 5, 2018. What is Arlington's depreciation expense for 2018 if its business use percentage is 75 percent (ignore any possible bonus depreciation)? Exhibit 10-10
which choice is correct?
$8,250. |
$5,500. |
$7,500. |
$4,250. |
None of the choices are correct. |
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