Zachary purchased a new car on August 1,2014 for $14,500.His records indicate that he uses the car 45 percent for business and 55 percent for personal use.What are his cost recovery deductions for 2014 and 2015?

Question

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($14,500 x .1 x .45)and ($14,500 x .2 x .45).Because the car is not used more than 50% for business,it is ineligible for Sec.179 expensing or bonus depreciation and ADS must be used.

Zachary Purchased a New Car on August 1,2014 for $14,500