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On June 1, 2008, Carolyn places in service a new automobile that cost $25,000. The car is used 70% for business and 30% for personal
On June 1, 2008, Carolyn places in service a new automobile that cost $25,000. The car is used 70% for business and 30% for personal use. (Assume this percentage is maintained for the life of the car.) She does elect not to take additional first-year depreciation.
Determine the cost recovery deduction for 2009.
a) $3,060.
b) $3,430.
c) $5,600.
d) $8,000.
e) None of the above.
Do not copy from Chegg.
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