Multiple Choice
On June 1, 2012, James places in service a new automobile that cost $40,000.The car is used 60% for business and 40% for personal use.(Assume this percentage is maintained for the life of the car.) James does take additional first-year depreciation.Determine the cost recovery deduction for 2012.
A) $1,776.
B) $1,836.
C) $6,636.
D) $8,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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