LO8 On June 1, 2009, Kirsten buys an automobile for $42,000. Her mileage log for the year
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LO8 On June 1, 2009, Kirsten buys an automobile for $42,000. Her mileage log for the year reveals the following: 20,000 miles for business purposes; 7,000 miles for personal reasons; and 3,000 miles commuting to and from work. What is Kirsten’s maximum cost-recovery deduction for 2009?
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Related Book For 
Concepts In Federal Taxation 2011
ISBN: 9780538467926
18th Edition
Authors: Kevin E. Murphy, Mark Higgins
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