In February 2018, Dante acquired a new car costing $82,000. He used the car 80% in his sole proprietorship. Assuming Dante does not claim Sec. 179 or bonus depreciation, Dante's maximum depreciation deduction allowable for the car will be
A) $13,120.
B) $8,000.
C) $10,000.
D) $14,400.
B) $8,000.
The maximum year 1 auto depreciation, without applying bonus depreciaton, is $10,000. Business use of the auto is 80% so the deduction will be $8,000.
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