In June 2012,Chase Purchases a New Car for $37,000

question 108

Multiple Choice

In June 2012,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 2012?

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