Rand Company purchases and places into service a company automobile costing $40,000 in April 2018. What is the 2018 depreciation deduction on the auto?
A)$4,000
B)$8,000
C)$10,000
D)$18,000
E)$40,000

Question

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The Answer of Rand Company purchases and places into service a company automobile costing $40,000 in April 2018. What is the 2018 depreciation deduction on the auto?
A)$4,000
B)$8,000
C)$10,000
D)$18,000
E)$40,000

Rand Company Purchases and Places into Service a Company Automobile