On July 10, 2017, Ariff Places in Service a New

Multiple Choice

On July 10, 2017, 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 2017, assuming Ariff's § 179 business income is $110,000. Ariff does not take additional first-year depreciation.

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