Multiple Choice
On July 10,2014,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 2014,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 these
Correct Answer:
Verified
Correct Answer:
Verified
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