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Taylor LLC Purchased an Automobile for $55,000 on July 5

Question 61

Multiple Choice

Taylor LLC purchased an automobile for $55,000 on July 5, 2018. What is Taylor's maximum depreciation expense for 2018 if its business use percentage is 100 percent?


A) $10,000.
B) $11,000.
C) $18,000.
D) $55,000.
E) None of the choices are correct.

Correct Answer:

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