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DOMAIN 2 - 2.4 Schedule C, Self-Employment: 2.4.7 Depreciation: 2.4.7.2 Luxury Auto Depreciation Limi Question 45 of 100. Wha

No more information can be added. This is the entire question. $10100 is wrong answer.
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Answer #1

As per luxury auto depreciation limits 2019; the maximum amount of depreciation that can be claimed by any van placed in service in 2019 with 100% business use is $18,100 with bonus depreciation for the first year

But the van is used only 75% for business, therefore maximum depreciation can be claimed in that proportion only

Therefore the maximum amount of depreciation that can be claimed by any van placed in service in 2019 with 75% business use

= $18,100 * 75% = $13,575

Therefore correct answer is option: $13,575

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