Potomac LLC purchased an automobile for $30,000 on August 5, 2020. What is Potomac's depreciation deduction for 2020? (Ignore any possible bonus depreciation.)(Use MACRS Table 1 and Exhibit 10-10.)
A)$10,100
B)$4,287
C)$6,000
D)$30,000
E)None of the choices are correct.

Question

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The Answer of Potomac LLC purchased an automobile for $30,000 on August 5, 2020. What is Potomac's depreciation deduction for 2020? (Ignore any possible bonus depreciation.)(Use MACRS Table 1 and Exhibit 10-10.)
A)$10,100
B)$4,287
C)$6,000
D)$30,000
E)None of the choices are correct.

Potomac LLC Purchased an Automobile for $30,000 on August 5