In July of 2017,Pat Acquired a New Automobile for $28,000

question 41

Multiple Choice

In July of 2017,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.Pat can take a maximum depreciation deduction in 2017 of

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

---

Definitions:

Floodplain

An area of relatively smooth land adjacent to a stream channel that is intermittently flooded when the stream overflows its banks.

Sedimentation

The process by which material is deposited by wind, water, or ice, often resulting in layers of sediment that can eventually form sedimentary rocks.

Stream Channel

A stream channel is the physical confinement of a river or stream, composed of a bed and banks, which directs the flow of water.

Theory of Reasoned Action

A theory that predicts individuals' behavioral intentions and actions based on their attitudes toward the behavior and subjective norms.