Chestnut Furniture Company purchases a delivery van on June 14, 2018, at a cost of $30,000. The delivery van has a 5-year MACRS life and an ADS recovery period of 5 years. What is Chestnut's minimum cost recovery deduction on the van in 2018?
A) $- 0 -
B) $3,000
C) $4,500
D) $6,000
E) $26,850
Correct Answer:
Verified
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