![EXHIBIT 10-10 Automobile Depreciation Limits<br>Recovery<br>Year<br>Year Placed in Service<br>2021*<br>10,100**<br>16,100<br>2020<br>2019<br>2018<br>10,000**<br>16,000<br>9,600<br>1<br>10,100**<br>16,100<br>9,700<br>5,760<br>10,100**<br>16,100<br>9,700<br>5,760<br>2<br>3<br>9,700<br>4 and after<br>5,760<br>5,760<br>*As of press date, the IRS had not released the 2021 limitations for automobiles, so throughout the chapter we use the same limitations as in 2020 for 2021.<br>**$8,000 additional depreciation is allowed when bonus depreciation is claimed [§168(k)(2)(F)].<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_bblxv50-5vav04x4.png)
Extracted text: EXHIBIT 10-10 Automobile Depreciation Limits Recovery Year Year Placed in Service 2021* 10,100** 16,100 2020 2019 2018 10,000** 16,000 9,600 1 10,100** 16,100 9,700 5,760 10,100** 16,100 9,700 5,760 2 3 9,700 4 and after 5,760 5,760 *As of press date, the IRS had not released the 2021 limitations for automobiles, so throughout the chapter we use the same limitations as in 2020 for 2021. **$8,000 additional depreciation is allowed when bonus depreciation is claimed [§168(k)(2)(F)].
Extracted text: Arlington LLC purchased an automobile for $76,000 on July 5, 2021. What is Arlington's depreciation deduction for 2021 if its business-use percentage is 76 percent? (lgnore any possible bonus depreciation.) (Use Exhibit 10-10.) Multiple Choice $5,825 $7,600 $7,676 $11,400 None of the choices are correct.