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On July 10, 2019, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business.
On July 10, 2019, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2019, assuming Ariff's 179 business income is $110,000. Ariff does not take additional first-year depreciation.
a.$2,960
b.$25,000
c.$34,400
d.$70,000
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