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17. On June 1, 2018, James places in service a new automobile that cost $40,000. The car is used 60% for business and 40% for

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17. On June 1, 2018, James places in service a new automobile that cost $40,000. The car is used 60% for business and 40% for personal use. (Assume this percentage is maintained for the life of the car. James does not take additional first-year depreciation. Determine the cost recovery deduction for 2018. a. $1,776 b. $1,896 c. $4,800 d. $6,000 e. None of the above

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