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On June 5 , 2 0 2 3 , Leo purchased and placed in service a new car that cost $ 7 5 , 0

On June

5, 2023,

Leo purchased and placed in service a new car that cost $

75, 000 .

The

business use percentage for the car is

80 % .

Leo does not claim any available additional first

-

year depreciation. Compute Leo's cost recovery deductions for

2023

and

2024 .

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