On July 10,2015,Ariff Places in Service a New Sports Utility

Multiple Choice

On July 10,2015,Ariff places in service a new sports utility vehicle that cost $70,000 and weighed 6,300 pounds.The SUV is used 100% for business.Determine Ariff's maximum deduction for 2015,assuming Ariff's § 179 business income is $110,000.Ariff does not take additional first-year depreciation (if available) .

A) $2,960
B) $25,000
C) $34,000
D) $70,000
E) None of the above