Question
On July 17, 2015, Kevin places in service a used automobile that cost $25,000. The car is used 80% for business and 20% for personal
On July 17, 2015, Kevin places in service a used automobile that cost $25,000. The car is used 80% for business and 20% for personal use. In 2016, he used the automobile 40% for business and 60% for personal use. Determine the cost recovery recapture for 2016.
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Auditing Theory And Practice
Authors: C. William Thomas
1st Edition
0534013880, 978-0534013882
