The maximum amount of depreciation including bonus depreciation on a passenger auto placed in service in 2018 is:

Question

Quizplus · Accepted Answer

The maximum amount of depreciation including bonus depreciation on a passenger auto placed in service in 2018 is $18,000. This is due to the fact that a passenger auto is considered a vehicle with a Gross Vehicle Weight Rating (GVWR) of 6,000 lbs or less, and the maximum bonus depreciation allowed for such vehicles is $8,000. The standard depreciation limit is $10,000, but with the bonus depreciation, the total amount of depreciation allowed is $18,000. Therefore, choice D is correct.

The Maximum Amount of Depreciation Including Bonus Depreciation on a Passenger