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26. (3 pts) On April 23, 2018, Bailey purchased a luxury automobile (under 6,000 lbs) for $25,000. The car is used 70% for business and

26. (3 pts) On April 23, 2018, Bailey purchased a luxury automobile (under 6,000 lbs) for $25,000. The car is used 70% for business and 30% for personal use. What is the cost recovery deduction for 2018 assuming the 100% bonus was taken

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