Jasmine purchased a $70,000 BMW in 2021 and used it 80% for business. What is her maximum

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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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Fundamentals Of Taxation 2022

ISBN: 9781264209408

15th

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander

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Question Posted: Apr 19, 2023 01:52 AM

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Jasmine purchased a $70,000 BMW in 2021 and used it 80% for business. What is her maximum

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Fundamentals Of Taxation 2022

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