Question: On June 5 , 2 0 2 3 , Leo purchased and placed in service a new car that cost $ 7 5 , 0

On June 5,2023, Leo purchased and placed in service a new car that cost $75,000. The business use percentage for the car is always 100%. Leo does not elect 179 expensing, and does not claim any available additional first-year depreciation.

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