Essay
Nora purchased a new automobile on July 20, 2016, for $29,000. The car was used 60% for business and 40% for personal use. In 2017, the car was used 30% for business and 70% for personal use. Nora elects not to take additional first-year depreciation. Determine the cost recovery recapture and the cost recovery deduction for 2017.
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