Essay
Nora purchased a new automobile on July 20,2013,for $29,000.The car was used 60% for business and 40% for personal use.In 2014,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 2014.
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Cost recovery in 2013:
MACRS ($29,000 × ...View Answer
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Correct Answer:
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MACRS ($29,000 × ...
View Answer
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