In June 2016,Chase Purchases a New Car for $37,000

question 39

Multiple Choice

In June 2016,Chase purchases a new car for $37,000.He uses the car 75% for business purposes.What is Chase's maximum depreciation deduction for the car in 2016?

• A)$5,550
• B)$2,960
• C)$4,200
• D)$8,370
• E)$11,160

---

Definitions:

Forecast Accuracy

The degree to which a forecast predicts actual outcomes.

Sum of Squares

A statistical technique used to measure the variation or dispersion of a set of values, by quantifying the summation of the squared differences between each value and the mean of the set.

Deseasonalized Time Series

A time series from which seasonal effects have been removed to analyze the underlying trend without seasonal variability.

Moving Averages

Moving averages are statistical measures used to analyze data points by creating a series of averages of different subsets of the full data set.