On June 1,2016,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 (if available).Determine the cost recovery deduction for 2017.
A)$3,160
B)$3,290
C)$3,570
D)$6,720
E)None of the above

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The Answer of On June 1,2016,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 (if available).Determine the cost recovery deduction for 2017.
A)$3,160
B)$3,290
C)$3,570
D)$6,720
E)None of the above

On June 1,2016,Irene Places in Service a New Automobile That