Discuss what is the maximum depreciation

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What is the maximum depreciation in 2015 for a new automobile used 100% for business that was acquired on July 2, 2015 for $28,000? Assume Section 179 is not elected and that this is the only property placed in service during the year.

$5,600

$3,160

$11,160

$28,000

$2,800

Reference no: EM131779470

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