Hans purchased a new passenger automobile on August 17, 2020, for $30,000. During the year, the car was used 40% for business and 60% for personal use. Determine the cost recovery deduction for the car for 2020.

a.$1,000

b.$500

c.$1,200

d.$1,333

Carlos purchased an apartment building on November 16, 2020, for $3,000,000. Determine the cost recovery deduction for 2020.

a.$9,630

b.$13,650

c.$11,910

d.$22,740