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

---

Definitions:

Venn Diagram

A diagram that uses overlapping circles to illustrate the logical relationships between different sets of items or groups.

Universal Proposition

A statement that asserts something about every member of a particular category or class.

Shading

In logic, a method used to visually represent the parts of a categorical proposition that are affirmed or denied; also refers to a technique in drawing and art to create depth or texture.

Opposition

A resistance or dissent, characterized by a direct contradiction or counteraction to a proposal or position.