On July 10, 2019, Ariff Places in Service a New

question 65

Multiple Choice

On July 10, 2019, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2019, assuming Ariff's § 179 business income is
$110,000. Ariff does not take additional first-year depreciation.

• A) $2,960
• B) $25,000
• C) $34,400
• D) $70,000

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Definitions:

Departments

Divisions within an organization, each focusing on a specific area of function, such as marketing, finance, or human resources.

Divisions

Sections or branches of a company, each specializing in a particular area of the organization's overall function.

Symbolically

In a manner that uses symbols or is representative of larger concepts or ideas, often carrying deeper meanings.

Organisational Pyramid

A hierarchical structure of an organization that illustrates the ranking of positions and the flow of authority from the top (executives) to the bottom (entry-level positions).