Question: Question: On July 1 0 , 2 0 2 4 , Ariff places in service a new SUV that cost $ 7 0 , 0

Question: On July 10,2024, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2024, assuming Ariff's 179 business income is $110,000. Ariff does not take additional first-year depreciation.a. $70,000b. $30,500c. $14,000d. $38,400On July 10,2024, Ariff places in service a new SUV that cost $70,000 and weighed 6,300 pounds. The SUV is used 100% for business. Determine Ariff's maximum deduction for 2024, assuming Ariff's179 business income is $110,000. Ariff does not take additional first-year depreciation.a. $70,000b. $30,500c. $14,000d. $38,400

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