Question: 2 1 . On July 1 5 , 2 0 2 4 Jorge purchased and placed in service a used car. The purchase price was
On July Jorge purchased and placed in service a used car. The purchase price was $ This was the only business use asset that Jorge acquired in He used the car for business and for personal use. Jorge used the regular MACRS depreciation method. How much depreciation expense may Jorge recognize for with respect to the car?Note that Jorge is not eligible to take either bonus depreciation or Section expense because the car purchased is "used", not new.
Question options:
a
$
b
$
c
$
d
$
e
$
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