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David purchased a passenger automobile for $53,500. He placed it into service on May 16, 2022; 55% of the miles driven in 2022 were for
David purchased a passenger automobile for $53,500. He placed it into service on May 16, 2022; 55% of the miles driven in 2022 were for business. Assuming that David opts out of the special depreciation allowance. what is David's maximum depreciation deduction for 2022?
1) $6,160
2) $10,700
3) $11,200
4) $19,200
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