What is the maximum depreciation expense deduction for Year 2 2014)for a passenger automobile,used 100 percent for qualified business use,placed in service on June 15,2013 and costing $12,000 the election to expense is not made and no bonus depreciation was taken)?

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The maximum depreciation expense deduction for Year 2 (2014) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2013, and costing $12,000 (the election to expense is not made and no bonus depreciation was taken) is $3,840. This is because the maximum depreciation deduction for a passenger automobile is $5,000, and the automobile was placed in service on June 15, 2013, so it is eligible for a half-year of depreciation in 2013.

What Is the Maximum Depreciation Expense Deduction for Year 2