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Taylor LLC purchased an automobile for $55,000 on July 5, 2020. What is Taylor's maximum...

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Accounting

Taylor LLC purchased an automobile for $55,000 on July 5, 2020. What is Taylor's maximum depreciation deduction for 2020 (including bonus depreciation) if its business use percentage is 100 percent?

$10,100

$11,000

$18,100

$55,000

None of the choices are correct.

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