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Norm purchases a new sports utility vehicle (SUV 5 yr property) on April 12, 2020, for $75,000. The SUV has a gross vehicle weight of

Norm purchases a new sports utility vehicle (SUV 5 yr property) on April 12, 2020, for $75,000. The SUV has a gross vehicle weight of 8,000 lbs. It is used 100% of the time for business and it is the only business asset acquired by Norm during 2020. No election is made for additional depreciation. Norm elects section 179. Compute the maximum deduction with respect to the SUV for 2020.

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