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it is not 18,100 What is the maximum depreciation in 2020 for an automobile driven 100% for business that was acquired on July 2, 2020,
it is not 18,100
What is the maximum depreciation in 2020 for an automobile driven 100% for business that was acquired on July 2, 2020, for $28,000? Assume the taxpayer elects Section 179 on the automobile but elects out of bonus depreciation. This is the only property placed in service during 2020. The vehicle has a gross vehicle weight rating under 6,000 pounds. O $25,000 O $3,160 O $18,100 O $10,100 O $28,000Step by Step Solution
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