Essay
Norm purchases a new sports utility vehicle (SUV)on October 12,2016,for $60,000.The SUV has a gross vehicle weight of 6,200 lbs.It is used 100% of the time for business and it is the only business asset acquired by Norm during 2016.Compute the maximum deduction with respect to the SUV for 2016.Norm does not take additional first-year depreciation (if available).
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The SUV is not classified as a passenger...View Answer
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