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On May 2, 2019, Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 lbs.
On May 2, 2019, Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 lbs. The vehicle is used 60% for business and 40% for personal use. Determine Karen's total cost recovery for 2019. Karen wants to use both 179 and additional first-year depreciation.
A.) $7,200
B.) $25,000
C.) $27,200
D.) $36,000
E.) None of the above
ANSWER IS NOT E.) None of the Above. Please describe step-by-step
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