On June, 20, 2018, Simon Corporation (A Calendar-Year Corporation) Purchased

question 63

Multiple Choice

On June, 20, 2018, Simon Corporation (a calendar-year corporation) purchased and placed in service a new automobile costing $68,000. This vehicle is used 100% for business. Simon makes whatever elections are necessary to maximum its overall depreciation deduction for the year of acquisition. What is Simon Corporation's maximum cost recovery deduction for the automobile for 2020?

• A) $0
• B) $5,760
• C) $9,600
• D) $15,000

---

Definitions:

Seizures

Sudden, uncontrolled electrical disturbances in the brain that can cause changes in behavior, movements, feelings, and levels of consciousness.

Occipital Lobes

The region of the brain located at the back, primarily involved in processing visual information.

Prefrontal Cortex

The frontal part of the brain lobes, associated with complex behaviors including decision making, planning, and moderating social behavior.

Primary Somatosensory Cortex

The region of the brain responsible for processing sensory information from the body, including touch, temperature, and pain.