Question
On June 1, 2014, James places in service an automobile that cost 21000. The car is used 70% for business and 30% for personal use.
On June 1, 2014, James places in service an automobile that cost 21000. The car is used 70% for business and 30% for personal use. (Assume this percentage in maintained for the life of the car.) Determine the cost recovery deduction for 2015.
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Auditing Theory And Practice
Authors: Arun Kumar & Rachana Sharma
1st Edition
8171567207, 978-8171567201
