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Potomac LLC purchased an automobile for $30,000 on August 5, 2021. What is Potomac's depreciation deduction for 2021? (Ignore any possible bonus depreciation or $179
Potomac LLC purchased an automobile for $30,000 on August 5, 2021. What is Potomac's depreciation deduction for 2021? (Ignore any possible bonus depreciation or $179 deduction.) (Use MARS Table 1 and
Exhibit 10-10)
Multiple Choice
$10,100
$4,287
$6,000
$30,000
None of the choices are correct
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
2nd Edition
1408017725, 978-1408017722
