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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 26: Depreciation,cost Recovery,amortization,and Depletion
  5. Question
    Enrico Is a Self-Employed Electrician
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Enrico Is a Self-Employed Electrician

Question 3

Question 3

Multiple Choice

Enrico is a self-employed electrician.In May of the current year,Enrico acquired a used van (5-year property) for $12,000.He used the van 80% for business and 20% for personal purposes.Enrico does not apply Sec.179 or bonus depreciation.The maximum depreciation deduction for the van is


A) $1,200.
B) $2,400.
C) $6,720.
D) $1,920.

Correct Answer:

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