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TLC Company purchased a passenger automobile (5-year property) for $55,000 on July 25, 2020. If TLC's business use of the car is 70%, what is
TLC Company purchased a passenger automobile (5-year property) for $55,000 on July 25, 2020. If TLC's business use of the car is 70%, what is TLC's maximum depreciation deduction for 2020 including bonus depreciation?
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