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On June 5, 2016, Leo purchased and placed in service a new car that cost $20,000. The business use percentage for the car is always
On June 5, 2016, Leo purchased and placed in service a new car that cost $20,000. The business use percentage for the car is always 100%. Leo claims any available additional first-year depreciation but does not claim any expense under 179. If required, round your answers to the nearest dollar. Leo's cost recovery deduction in 2016 is $11160 and for 2017 is $______. The answer is NOT $5100 or $6400.
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