1. On October 15, 2018, 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 2018. He used the car 80% of the time for business and 0% for personal use. Jon used the regular MACRS method. Calculate the total cost recovery deduction Jon may take for 2018 with respect to the car. 2. On May 28, 2018, Marty purchased and placed into service a new $20,000 car. The car was used 40% for business. 30% for production of income and 30% for personal use. Compute Marty's cost recovery deduction for 2018. 3. Oleander Corporation, a calendar year entity, begins business on March 1, 2018. The corporation incurs startup expenditures of $64,000. If Oleander elects S 195 t, determine the total amount of startup expenditures that it may deduct for 2018. 4. Wes purchased a uranium interest for $10,000,000. A geological survey estimated that 250,000 tons of the mineral remained in the deposit. During the year, 80,000 tons were mined and 45,000 tons were sold for $12,000,000. Other related expenses amount to $5,000,000. Assuming that the mineral depletion rate is 22%, calculate the cost depletion and percentage depletion and determine which Wes should utilize in 2018