Multiple Choice
Potomac LLC purchased an automobile for $30,000 on August 5, 2018. What is Potomac's depreciation expense for 2018 (ignore any possible bonus depreciation) ? (Use MACRS Table 1, and Exhibit 10-10)
A) $10,000.
B) $4,287.
C) $6,000.
D) $30,000.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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