Rand Company purchases and places into service a company automobile costing $40,000 in April 2012.What is the 2012 depreciation deduction on the auto?
A)$ 2,960
B)$ 7,200
C)$ 8,000
D)$11,160
E)$40,000

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The Answer of Rand Company purchases and places into service a company automobile costing $40,000 in April 2012.What is the 2012 depreciation deduction on the auto?
A)$ 2,960
B)$ 7,200
C)$ 8,000
D)$11,160
E)$40,000

Rand Company Purchases and Places into Service a Company Automobile