In July of 2014,Pat Acquired a New Automobile for $28,000

question 86

Multiple Choice

In July of 2014,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 2014 of

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

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Definitions:

Traffic Accidents

Events involving vehicles in motion where there is a collision that results in property damage, injury, or death.

EEG

Electroencephalogram, a test that detects electrical activity in your brain using small, flat metal discs attached to your scalp.

Stage 1 Sleep

Stage 1 sleep is the initial phase in the sleep cycle, characterized by light sleep from which one can be easily awakened.

Pineal Gland

A small endocrine gland in the brain that produces melatonin, a hormone that regulates sleep-wake cycles.