Question: Question Content Area What is the maximum depreciation expense deduction for Year 2 (2023) for a passenger automobile, used 100 percent for qualified business use,

Question Content Area

What is the maximum depreciation expense deduction for Year 2 (2023) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2022 (half-year convention), and costing $16,000 (the election to expense is not made and no bonus depreciation was taken)?

a.$3,200

b.$3,918

c.$5,120

d.$16,000

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