Multiple Choice
Hans purchased a new passenger automobile on August 17, 2012, for $30,000.During the year the car was used 40% for business and 60% for personal use.Determine his cost recovery deduction for the car for 2012.
A) $500.
B) $1,000.
C) $1,224.
D) $1,500.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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