Maximum depreciation expense deduction, Accounting Basics

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Maximum depreciation expense deduction

What is the maximum depreciation expense deduction for Year 2 (2013) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2012 and costing $12,000 (the election to expense is not made and no bonus depreciation was taken)?

a. $3,840

b. $4,900

c. $3,060

d. $2,400

e. None of the above

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Accounting Basics: Maximum depreciation expense deduction

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Accounting Basics: Maximum depreciation expense deduction

Reference No:- TGS046082

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Recent Questions Asked Accounting Basics

Q : Election to expense or take bonus depreciation problem

Q : Total tax depreciation deduction

Q : Maximum amount of depreciation that company can claim

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Q : Maximum depreciation expense deduction

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Accounting Basics: Maximum depreciation expense deduction

Reference No:- TGS046082

Recent Questions Asked Accounting Basics

Q : Election to expense or take bonus depreciation problem

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Q : How much deduct for rent expense on tax return

Q : Maximum depreciation expense deduction

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