Arthur uses a Chevrolet Suburban (GVWR 7,500 pounds)100% for business.He acquired and placed the vehicle in service in his business in January of the current year.The vehicle cost $65,000.The maximum deduction allowed this year is
A)$13,000.
B)$18,000.
C)$25,000.
D)$65,000.

Question

Quizplus · Accepted Answer

The Answer of Arthur uses a Chevrolet Suburban (GVWR 7,500 pounds)100% for business.He acquired and placed the vehicle in service in his business in January of the current year.The vehicle cost $65,000.The maximum deduction allowed this year is
A)$13,000.
B)$18,000.
C)$25,000.
D)$65,000.

Arthur Uses a Chevrolet Suburban (GVWR 7,500 Pounds)100% for Business