Multiple Choice
In July of 2016,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.Pat can take a maximum depreciation deduction in 2016 of
A) $8,928.
B) $2,528.
C) $22,400.
D) $13,440.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: On June 30,2016,Temika purchased office furniture (7-year
Q20: On May 1,2012,Empire Properties Corp. ,a calendar
Q20: MACRS recovery property includes tangible personal and
Q25: On April 12,2015,Suzanne bought a computer for
Q26: On August 11,2016,Nancy acquired and placed into
Q27: Richards Corporation reports taxable income exceeding $1
Q28: William purchases nonresidential real property costing $300,000
Q41: Costs that qualify as research and experimental
Q45: Any Section 179 deduction that is not
Q61: The election to use ADS is made