Chestnut Furniture Company purchases a delivery van on June 14, 2014, at a cost of $30,000. The delivery van has a 5-year MACRS life and an ADS recovery period of 5 years. What is Chestnut's minimum cost recovery deduction on the van in 2014?
A) $ - 0 -
B) $ 3,000
C) $ 4,500
D) $ 6,000
E) $26,850
Correct Answer:
Verified
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