Arlington LLC purchased an automobile for $61,600 on July 5,…
Arlington LLC purchased an automobile for $61,600 on July 5, 2024. What is Arlington’s depreciation deduction for 2024 if its business-use percentage is 75 percent? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 in Question 3 and Exhibit 10-10 from Question 6)