What is the maximum depreciation expense deduction for Year 2 (2020) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2019 and costing $16,000 (the election to expense is not made and no bonus depreciation was taken) ?
A) $2,800
B) $3,160
C) $16,000
D) $5,100
E) $5,120
Correct Answer:
Verified
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