On June 1,2010,James places in service a new automobile that cost $40,000.The car is used 60% for business and 40% for personal use.(Assume this percentage is maintained for the life of the car. )If Congress reenacts additional first-year depreciation for 2010,James does elect not to take additional first-year depreciation.Determine the cost recovery deduction for 2010.
A)$1,776.
B)$1,836.
C)$6,576.
D)$8,000.
E)None of the above.

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The Answer of On June 1,2010,James places in service a new automobile that cost $40,000.The car is used 60% for business and 40% for personal use.(Assume this percentage is maintained for the life of the car. )If Congress reenacts additional first-year depreciation for 2010,James does elect not to take additional first-year depreciation.Determine the cost recovery deduction for 2010.
A)$1,776.
B)$1,836.
C)$6,576.
D)$8,000.
E)None of the above.

On June 1,2010,James Places in Service a New Automobile That