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 maximize its overall depreciation deduction for the year of acquisition. What is Simon Corporation's maximum cost recovery deduction for the automobile for 2022?
A) $0
B) $9,581
C) $9,700
D) $16,100
Correct Answer:
Verified
Correct Answer:
Verified
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