Multiple Choice
On June 1, 2018, Irene places in service a new automobile that cost $21,000. The car is used 70% for business and 30% for personal use. (Assume this percentage is maintained for the life of the car.) She does not take additional first-year depreciation. Determine the cost recovery deduction for 2019.
A) $3,290
B) $3,570
C) $4,704
D) $10,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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