In July of 2017,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.Pat can take a maximum depreciation deduction in 2017 of
A)$8,928.
B)$2,528.
C)$22,400.
D)$13,440.

Name: In July of 2017,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.Pat can take a maximum depreciation deduction in 2017 of A)$8,928. B)$2,528. C)$22,400. D)$13,440.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A)$11,160 maximum depreciation × .80 = $8,928.(Table 6 in Appendix C)

In July of 2017,Pat Acquired a New Automobile for $28,000