Solved

On May 2, 2019, Karen Placed in Service a New

Question 66

Multiple Choice

On May 2, 2019, Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 lbs.The vehicle is used 60% for business and 40% for personal use.Determine Karen's total cost recovery for 2019.Karen wants to use both §179 and additional first-year depreciation.


A) $7,200
B) $25,500
C) $27,200
D) $36,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions