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Posted on Jul 20, 2024

Potomac LLC purchased an automobile for $ 3 1 , 4 0 0 on August 5 , 2 0 2 3 . What is Potomac's

Potomac LLC purchased an automobile for $

31, 400

on August

5, 2023 .

What is Potomac's depreciation deduction for

2023 ? (

Ignore any possible bonus depreciation.

) (

Use MACRS Table

1

and Exhibit

10 - 10 .)

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