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Potomac LLC Purchased an Automobile for $30,000 on August 5

Question 85

Multiple Choice

Potomac LLC purchased an automobile for $30,000 on August 5, 2020. What is Potomac's depreciation deduction for 2020? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 and Exhibit 10-10.)


A) $10,100
B) $4,287
C) $6,000
D) $30,000
E) None of the choices are correct.

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