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Arlington LLC purchased an automobile for $55,000 on July 5,2022 . What is Arlington's depreciation deduction for 2022 if its business-use percentage is 75 percent?

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Arlington LLC purchased an automobile for $55,000 on July 5,2022 . What is Arlington's depreciation deduction for 2022 if its business-use percentage is 75 percent? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 and Exhibit 10-10.) None of the choices are correct. $7,650$8,250$5,500$4,250 Question 8 4 pts Assume that Bethany acquires a competitor's assets on March 31st. The purchase price was $150,000. Of that amount, $125,000 is allocated to tangible assets and $25,000 is allocated to goodwill (a $197 intangible asset). What is Bethany's amortization deduction for the current year? Note: Round final answer to the nearest whole number. $1,319 None of the choices are correct. $1,389$1,250 $0

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