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On March 1, 2012, Lana Leases and Places in Service

Question 8

Multiple Choice

On March 1, 2012, Lana leases and places in service a passenger automobile.The lease will run for five years and the payments are $500 per month.During 2012, she uses her car 40% for business and 60% for personal activities.Assuming the dollar amount from the IRS table is $110, determine Lana's deduction for the lease payments.


A) $0.
B) $1,800.
C) $2,000.
D) $2,330.
E) None of the above.

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