In July of 2015,Pat Acquired a New Automobile for $28,000

question 66

Multiple Choice

In July of 2015,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.No election is made regarding Sec.179.Assuming her business use remains at 80%,Pat can take a maximum depreciation deduction in 2015 of

• A)$2,528.
• B)$3,160.
• C)$5,600.
• D)$4,480.

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Definitions:

Bananas

A tropical fruit that is elongated and crescent-shaped when ripe, commonly used in economics examples to discuss trade or market dynamics.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price over a specified period.

Consumers

Individuals or entities that use goods and services produced within an economy, playing a central role in market demand.

Price

Price is the amount of money expected, required, or given in payment for something.