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In February 2020, Dante acquired a new car costing $90,000. He used the car 75% in his sole proprietorship. Assuming Dante does not claim Sec.
In February 2020, Dante acquired a new car costing $90,000. He used the car 75% in his sole proprietorship. Assuming Dante does not claim Sec. 179 or bonus depreciation, Dante's maximum depreciation deduction allowable for the car will be A) $7,575. B) $8,080. C) $10,100. D) $18,000.
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