On June 1, 2017, 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 2018.
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, 2017, 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 2018.
A)$3,160
B)$3,290
C)$3,570
D)$6,720
E)None of the above

On June 1, 2017, Irene Places in Service a New