Hans purchased a new passenger automobile on August 17,2016,for $30,000.During the year the car was used 40% for business and 60% for personal use.Determine his cost recovery deduction for the car for 2016.
A)$500
B)$1,000
C)$1,224
D)$1,500
E)None of the above

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The Answer of Hans purchased a new passenger automobile on August 17,2016,for $30,000.During the year the car was used 40% for business and 60% for personal use.Determine his cost recovery deduction for the car for 2016.
A)$500
B)$1,000
C)$1,224
D)$1,500
E)None of the above

Hans Purchased a New Passenger Automobile on August 17,2016,for $30,000