Question
On July 10, 2018, Ariff places in service a new sports utility vehicle that costs $70,000 and weighed 6,300 pounds. The SUV is used 100%
On July 10, 2018, Ariff places in service a new sports utility vehicle that costs $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2018, assuming Ariff's section 179 business income is $110,000. Ariff does not take additional first year depreciation. a.$2,960 b. $25,000 c. $34,000 d. $70,000 e. None of the above. (The answer IS NOT d).
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Financial Accounting Theory
Authors: Craig Deegan
3rd Edition
0070277265, 978-0070277267
