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Elena placed a passenger automobile with a basis of $68,000 into service for her business two years ago. She used the car 100% for business
Elena placed a passenger automobile with a basis of $68,000 into service for her business two years ago. She used the car 100% for business purposes. What is the maximum second-year depreciation allowance she may claim? (Assume that Elena will not use the standard mileage rate.)
$11,700
$12,200
$19,500
$20,200
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