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Potomac LLC purchased an automobile for $30,100 on August 5, 2020. What is Potomac's depreciation deduction for 2020? (Ignore any possible bonus depreciation.) (Use MACRS
Potomac LLC purchased an automobile for $30,100 on August 5, 2020. What is Potomac's depreciation deduction for 2020? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 and Exhibit 10-10.) Multiple Choice $10,100 $4,301 $6,020 $30100
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