Norm purchases a new sports utility vehicle (SUV)on October 12,2010,for $50,000.The SUV has a gross vehicle weight of 6,200 lbs.It is used 100% of the time for business and it is the only business asset acquired by Norm during 2010.Compute the maximum deduction with respect to the SUV for 2010.If Congress reenacts additional first-year depreciation for 2010,Norm elects not to take additional first-year depreciation.
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