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    Concepts in Federal Taxation
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    Exam 10: Cost Recovery on Property: Depreciation, Depletion, and Amortization
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    In June 2018, Chase Purchases a New Car for $40,000
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In June 2018, Chase Purchases a New Car for $40,000

Question 75

Question 75

Multiple Choice

In June 2018, Chase purchases a new car for $40,000. He uses the car 75% for business purposes. What is Chase's maximum depreciation deduction for the car in 2018?


A) $6,000
B) $7,500
C) $10,000
D) $13,500
E) $18,000

Correct Answer:

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