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Limitations on Listed Property (LO. 8) On May 15, 2019, Lurlene buys a used automobile for $20,000. She drives it 9,000 miles for business and

Limitations on Listed Property (LO. 8) On May 15, 2019, Lurlene buys a used automobile for $20,000. She drives it 9,000 miles for business and 3,000 miles for personal trips during the year. Refer to the MACRS Depreciation Tables to answer the following question. Round intermediate percentage calculations to two decimal places. Round your answer to the nearest whole dollar. Assuming a 5-year recovery period and bonus depreciation, Lurlene's maximum cost recovery for 2019 is

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