Multiple Choice
Aaron purchases a taxicab (5-year MACRS property) for $20,000 on December 3,2016.This is the only business asset Aaron acquires in 2016.He does not desire to use the Section 179 election.What is the maximum amount of depreciation that he can deduct in 2016?
A) $1,000
B) $3,000
C) $4,000
D) $10,500
E) $14,000
Correct Answer:
Verified
Correct Answer:
Verified
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