Jabari Johnson is considering acquiring an automobile at the beginning of 2017 that he will use 100% of the time as a taxi. The purcahse price of the automobile is $35,000. Johnson has heard of cost recovery limits on automobiles and wants to know how much of the $35,000 he can deduct in the first year. Write a letter to Jabari in which you present your calculations. Also prepare a memo for the tax files, summarizing your analysis. Johnson's address is 100 Morningside, Clinton MS 39058. *Taxi's are excpetions and don't follow "luxury vehicle" rules*