LO.2, 4 On October 15, 2012, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business use asset Jon acquired in 2012.

He used the car 80% of the time for business and 20% for personal use. Jon used the statutory percentage method of cost recovery. Calculate the total deduction Jon may take for 2012 with respect to the car.