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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%
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 his cost recovery deduction for the car for 2020. a. $500 Ob. $1,000 c. $1,200 Od. $1,333 Oe. None of the above
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The question states that Hans purchased a new passenger automobile on August 1 2020 for 30000 During the year the car was used 40 for business and 60 ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
