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On April 23,2016,Bailey Purchased an Automobile for $25,000

Question 72

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On April 23,2016,Bailey purchased an automobile for $25,000.The car is used 80% for business and 20% for personal use.What is the cost recovery deduction for 2016 and 2017 assuming the 50% bonus was taken? Round answers to the nearest dollar)

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2016 $25,000 × 80% × 50% = $10,000 but l...

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