Bhaskar purchased a new factory building and tand on September 10, 2020, for $3,700,000. ($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation systern (ADS). Determine the cost recovery deduction for 2021. Oa. 592.500 Ob. 382.018 Oc. $23,325 Od. $80,000 On June 1, 2019, Trene places in service a new automobile that cost $21,000. The car is used 70% for business and 30% for personal use (Assume this percentage is maintained for the life of the car.) She does not take additional first year depreciation. Determine the cost recovery deduction for 2020. Ca. 510.100 Ob. $4.704 Oc 33570 Od. $3.290 Which of the following depreciation conventions are not used under MACRS? Oa. Mid-month. Ob, Half-year. Oc. Mid-quarter. Od. Full-month. On March 1, 2020, Lana leases and places in service a passenger automobile. The lease will run for five years and the payments are $500 per month. During 2020, she uses her car 60% for business and 40% for personal activities. Assuming the dollar amount from the IRS table for auto leases is $70, determine Lana's gross income attributable to the leaso. Oa. 370 Ob $59 Oc 10 Od. $35