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  3. Study Set
    Concepts in Federal Taxation
  4. Exam
    Exam 10: Cost Recovery on Property: Depreciation, depletion, and Amortization
  5. Question
    In June 2015,Chase Purchases a New Car for $37,000
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In June 2015,Chase Purchases a New Car for $37,000

Question 91

Question 91

Multiple Choice

In June 2015,Chase purchases a new car for $37,000.He uses the car 75% for business purposes.What is Chase's maximum depreciation deduction for the car in 2015?


A) $5,550
B) $2,960
C) $4,200
D) $8,370
E) $11,160

Correct Answer:

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