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On June, 20, 2019, Simon Corporation (A Calendar-Year Corporation) Purchased

Question 6

Multiple Choice

On June, 20, 2019, Simon Corporation (a calendar-year corporation) purchased and placed in service a new automobile costing $68,000.This vehicle is used 100% for business.Simon makes whatever elections are necessary to maximum its overall depreciation deduction for the year of acquisition. What would be Simon Corporation's cost recovery deduction for the automobile for 2020?


A) $0
B) $15,968
C) $16,100
D) $18,100

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