Question
On June 1, 2015, Irene places in service an automobile that cost $21,000. The car is used 70% for business and 30% for personal use
On June 1, 2015, Irene places in service an automobile that cost $21,000. The car is used 70% for business and 30% for personal use (assume this percentage is maintained for the life of the automobile). Determine the cost recovery deduction for 2015.
- Please show the work along with the explanation to get the answer.
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
1118285909, 1118285905, 978-1118285909
