What Is the Maximum Depreciation Expense Deduction for Year 2

question 41

Multiple Choice

What is the maximum depreciation expense deduction for Year 2 (2019) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2018 and costing $16,000 (the election to expense is not made and no bonus depreciation was taken) ?

• A)$2,800
• B)$3,160
• C)$16,000
• D)$5,100
• E)$5,120

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Definitions:

Geographical Region

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Industrial Food Production

Large-scale businesses involved in mass food production, processing, and marketing, which primarily rely on labor-saving machines.

Greatest Drawback

The most significant disadvantage or negative aspect associated with a particular situation, decision, or object.

Ju/'hoansi

A group of San people living in the Kalahari Desert of Namibia and Botswana, known for their hunter-gatherer lifestyle and rich cultural traditions.