Multiple Choice
S purchased a used automobile to be used in his sole proprietorship.For the year, S's business mileage was 20,000 miles, while his personal mileage was 30,000 miles.S may
A) Claim no depreciation because the car was used predominantly for personal purposes
B) Elect limited expensing under § 179
C) Deduct a maximum of $3,160 (2012) of depreciation
D) Claim depreciation using the straight-line method
E) More than one of the above statements are true
Correct Answer:

Verified
Correct Answer:
Verified
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