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Penny Hardaway LLC purchased an automobile for $84,000 on July 3, 2023. What is Penny's depreciation deduction for 2023 if its business-use percentage is 68
Penny Hardaway LLC purchased an automobile for $84,000 on July 3, 2023. What is Penny's depreciation deduction for 2023 if its business-use percentage is 68 percent? (Ignore any possible bonus depreciation.) Multiple Choice $6,425 $8,400 $8,296 $12,600 None of the choices are correct
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