Taylor LLC purchased an automobile for $55,000 on July 5, 2020. What is Taylor's maximum depreciation deduction for 2020 (including bonus depreciation) if its business use percentage is 100 percent?
A) $10,100
B) $11,000
C) $18,100
D) $55,000
E) None of the choices are correct.
Correct Answer:
Verified
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