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Arlington LLC Purchased an Automobile for $55,000 on July 5

Question 23

Multiple Choice

Arlington LLC purchased an automobile for $55,000 on July 5, 2020. What is Arlington's depreciation deduction for 2020 if its business-use percentage is 75 percent? (Ignore any possible bonus depreciation.) (Use Exhibit 10-10.)


A) $4,250
B) $5,500
C) $7,575
D) $8,250
E) None of the choices are correct.

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