Multiple Choice
On May 2, 2012, Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 lbs. The vehicle is used 60% for business and 40% for personal use. Determine the cost recovery for 2012.Karen wants to maximize her deductions.
A) $2,200.
B) $3,060.
C) $25,000.
D) $27,200.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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