On June 1, 2018, 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.) James does not take additional first-year depreciation. Determine the cost recovery deduction for 2018.
A) $1,776
B) $1,896
C) $4,800
D) $6,000
E) None of the above

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The Answer of On June 1, 2018, 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.) James does not take additional first-year depreciation. Determine the cost recovery deduction for 2018.
A) $1,776
B) $1,896
C) $4,800
D) $6,000
E) None of the above

On June 1, 2018, James Places in Service a New