Jasmine purchased a $70,000 BMW in 2021 and used it 80% for business. What is her maximum
Question:
Jasmine purchased a $70,000 BMW in 2021 and used it 80% for business. What is her maximum cost recovery on the BMW in 2021.
a. $11,200
b. $14,480
c. $56,000.
d. $70,000.
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
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