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Can he switch to the standard mileage method

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Question - On July 10, 2018, Ariff places in service a new sports utility vehicle that cost $80,000 and weighed 6,300 pounds. The SUV is used 60% for business. Determine Ariff's maximum deduction for 2018, assuming Ariff's § 179 business income is $110,000. Ariff does not take additional first-year depreciation but elects Section 179. How would your answer change if Ariff decided to use the standard mileage rate method of recording automobile expenses (as opposed to the actual method)? If Ariff originally chooses the actual method and elects a Section 179 expense deduction, can he switch to the standard mileage method?

Reference no: EM132931150

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