Multiple Choice
On June 1, 2017, Irene places in service a new automobile that cost $21,000. The car is used 70% for business and 30% for personal use. (Assume this percentage is maintained for the life of the car.) She does not take additional first-year depreciation. Determine the cost recovery deduction for 2018.
A) $3,160
B) $3,290
C) $3,570
D) $6,720
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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