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Potomac LLC Purchased an Automobile for $30,000 on August 5

Question 40

Multiple Choice

Potomac LLC purchased an automobile for $30,000 on August 5, 2016. What is Potomac's depreciation expense for 2016? (ignore any possible bonus depreciation)


A) $3,160
B) $4,287
C) $6,000
D) $30,000
E) None of these

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