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In October 2019, Frank purchased a $30,000 non-luxury vehicle to use in his business. During all of 2019, Frank purchased $60,000 of new equipment for
In October 2019, Frank purchased a $30,000 non-luxury vehicle to use in his business. During all of 2019, Frank purchased $60,000 of new equipment for his business (including the vehicle). How much depreciation is Frank allowed for 2019? Ignore IRC 179 and bonus depreciation.
Group of answer choices
$12,000
$6,000
$1,500
$2,500
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