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Potomac LLC Purchased an Automobile for $31,800 on August 5

Question 78

Multiple Choice

Potomac LLC purchased an automobile for $31,800 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) $4,544
C) $6,360
D) $31,800
E) None of the choices are correct.

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