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
Correct Answer:
Verified
Q65: In 2018, Gail had a § 179
Q66: Bhaskar purchased a new factory building and
Q67: During the past two years, through extensive
Q68: On June 1, 2019, Norm leases a
Q69: The only asset Bill purchased during 2019
Q71: On January 15, 2019, Vern purchased the
Q72: Under MACRS, which one of the following
Q73: Augie purchased one new asset during the
Q74: On March 1, 2019, Lana leases and
Q75: Orange Corporation begins business on April 2,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents