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) $65,000.
C) $18,000.
D) $25,000.
Correct Answer:
Verified
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