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On July 10, 2009, Ariff places in service a new sports utility vehicle that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff’s maximum deduction for 2009, assuming Ariff’s § 179 business income is $110,000. 1. $25,000. 2. $52,000. 3. $10,960. 4. $70,000. 5. None of the above.This question concerns federal income tax - individual. Specifically, it is regarding depreciation, cost recovery, amortization, and depletion.
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