Jeremy purchased and put his heavy SUV into service in May 2018. The basis of SUV if $45000. He would like to maximize h...
Jeremy purchased and put his heavy SUV into service in
May 2018. The basis of SUV if $45000. He would like to maximize his
179 expense. He used the SUV 80% for business. How much 179 expense
deduction may he claim?
A. $0
B. $18000
C $20000
D. $25000
Homework Answers
The maximum deduction that can be claimed in the first year has been limited to $ 18,000, thus answer is option B.
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