In 2017,a Taxpayer Purchases a New Automobile (5 Year Recovery)for

Multiple Choice

In 2017,a taxpayer purchases a new automobile (5 year recovery) for $56,000 for 100% use in her business.What is the total cost recovery assuming that the taxpayer does or does not elect bonus depreciation on the auto (half-year convention but no immediate expensing) ?

A) $11,200 with bonus and $3,160 without bonus
B) $11,160 with bonus and $11,200 without bonus
C) $11,160 with bonus and $3,160 without bonus
D) $8,000 with bonus and $3,160 without bonus