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

question 60

Multiple Choice

In July of 2017,Pat acquired a new automobile for $28,000 and used the automobile 80% for business.In 2018 his business use of the auto was 70%.Pat's depreciation deduction for 2018 will be

• A)$6,272.
• B)$5,100.
• C)$3,570.
• D)$4,080.

---

Definitions:

Financial Accounting

The branch of accounting focused on the summary, analysis, and reporting of financial transactions pertaining to a business, resulting in the preparation of financial statements.