Multiple Choice
Table 1: Sanjuro Corporation (a calendar-year corporation) purchased and placed in service the following assets during 2013:
All assets are used 100% for business use.The warehouse building does not include the cost of the land on which it is located which was an additional $1,000,000.The corporation has $3,000,000 income from operations before calculating depreciation deductions.Sanjuro Corporation wishes to maximize its overall depreciation deduction for 2013 and is willing to make any necessary elections.
-Refer to the information in Table 1.What is Sanjuro Corporation's maximum deduction for cost recovery for the automobile for 2015?
A) $1,875
B) $2,950
C) $3,050
D) $5,100
Correct Answer:
Verified
Correct Answer:
Verified
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