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On July 10, 2009, Ariff places in service a new sports utility

Customer Question

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.
Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.
THIS ANSWER IS LOCKED!

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Customer: replied 7 years ago.
Please close. Payment was made via other means. Accept button would not work.
Expert:  Neo replied 7 years ago.
Good day!

I cannot manually close because there is no manual Acceptance. Please allow at least 24 hours before the questions to automatically close.

Edited by Neo on 10/27/2009 at 6:57 PM EST

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