Aaron Purchases a Taxicab (5-Year MACRS Property) for $20,000 on December

Multiple Choice

Aaron purchases a taxicab (5-year MACRS property) for $20,000 on December 3, 2018. This is the only business asset Aaron acquires in 2018. He does not desire to use the Section 179 election and elects not to take bonus depreciation. What is the maximum amount of depreciation that he can deduct in 2018?

A) $1,000
B) $3,000
C) $4,000
D) $10,500
E) $14,000