In July of 2016,Pat Acquired a New Automobile for $28,000

question 23

Multiple Choice

In July of 2016,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.Pat can take a maximum depreciation deduction in 2016 of

• A)$8,928.
• B)$2,528.
• C)$22,400.
• D)$13,440.

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Definitions:

Trespass to Property

A legal term referring to the unauthorized entry onto another person's land or property without permission or legal right.

Trespass to Personal Property

An intentional interference with the personal property of another without consent or legal justification.

Conversion

The wrongful act of taking or using another's property without permission, effectively depriving them of its use.

Slander Per Se

Defamatory statements that are so obviously harmful that damages are assumed and do not need to be proven.