Chestnut Furniture Company purchases a delivery van on June 14,2013,at a cost of $30,000.The delivery has a 5-year MACRS life has an ADS recovery period of 5 years.What is Chestnut's minimum cost recovery deduction on the van in 2013?
A) $ - 0 -
B) $ 3,000
C) $ 4,500
D) $ 6,000
E) $26,850
Correct Answer:
Verified
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