Multiple Choice
On July 10, 2012, 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 2012, 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.
Correct Answer:
Verified
Correct Answer:
Verified
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