Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on july 10, 2018, ariff places in service a new sp

On July 10, 2018, Ariff places in service a new sports utility vehicle that costs...

90.2K

Verified Solution

Question

Accounting

On July 10, 2018, Ariff places in service a new sports utility vehicle that costs $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2018, assuming Ariff's section 179 business income is $110,000. Ariff does not take additional first year depreciation. a.$2,960 b. $25,000 c. $34,000 d. $70,000 e. None of the above. (The answer IS NOT d).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

2.Put these events in the correct chronological sequence: 1. Upper motor neuron fires an action potential 2. T-tubules convey...

Medical Sciences
1.2K views

describe the events of pregnancy and birth

Psychology
1.2K views

Based on a recent mass shooting in the United States: What do you think drives individuals to...

Physics
1.2K views

decreases A Spring balances show wrong readings after they have been used for a long...

Physics
1.2K views

139 The refracting angle of a prism is A and refractive index of the material...

Basic Math
1.2K views

Billy is monitoring the exponential decay of a radioactive compound. He has a sample of...

Calculus
1.2K views

Find the period and amplitude of the function 2 y 3 cos X 3 Give...

Calculus
1.2K views

A rigid block of mass M is supported by three symmetrically spaced rods as shown...

Algebra
1.2K views

Given the points 2 1 and 3 6 find the slope Slope Write answer as...

Accounting
1.2K views

Foxx Corporation acquired all of Greenburg Companys outstanding stock on January 1, 2016, for $781,000...

Accounting
1.2K views

24-26? thank you! QUESTION 24 Pay level is the total...

Accounting
1.2K views

Problem 10 - Unknown Time & Unknown Interest Rate A fund earns interest at...