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Question: What is the maximum depreciation expense deduction for Year 2 (2017) for a passenger automobile, used 100 percent for qualified business use, placed in service on June 15, 2016 and costing $16,000 (the election to expense is not made and no bonus depreciation was taken)? Show calculationSelect one:
a. $2,800
b. $3,160
c. $3,200
d. $5,100
e. $5,120
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