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On July 1, 2022, Aaron places in service a new SUV ( 5Yr ) that...

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Accounting

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On July 1, 2022, Aaron places in service a new SUV ( 5Yr ) that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Aaron's maximum deduction for 2023, assuming Aaron's business income is $110,000. Aaron does not take additional first-year depreciation (bonus). a) $14,000 b) $37,120 c) $58,800 d) $70,000

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