17 Henry purchased a used van on February 8, 2020. He is a self-employed painter. He uses the van 20% of the time for personal purposes and 80% of the time for business. He paid $24,000 for the van. He does not claim bonus or 179. The maximum depreciation deduction for the van is . it of Select one: a. $4,800 O b. $3.840 c. $13,440 O d. $2,400 18 Terry who is single, sold his home 12/5/2020. He purchased the house 1/15/2010. He lived in it since he bought it. t of Sales price Purchase price of home Addition of new garage 5/2/2015 $700,000 300,000 50,000 Based on these facts, what is the amount of his recognized gain? Select one: a. $0 b. $100,000 Ordinary Income c. $100,000 LTCG O d. $150,000 LTCG