2019 tax law applies

On June 1, 2019, 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 2019. a. $1,776 b. $1,896 c. $4,800 d. $6,000 Bhaskar purchased a new factory building and land on September 10, 2019, for $3,700,000. ($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation system (ADS). Determine the cost recovery deduction for 2020. a. $23,328 b. $80,000 c. $82,048 d. $92,500