QUESTION 4 Grape Corporation purchased a machine in December of the current year. This was the only set purchased during the current year. The machine was placed in service in January of the following year No assets were purchased in the following year. Grape Corporation's cost recovery would begin In the current year using a mid quarter convention b. In the current year using a half-year convention c. In the following year using a mid-quarter convention Od. In the following year ring a half year convention e. None of the above QUESTIONS Hans purchased a new passenger automobile on August 17, 2020, for $30.000 Daring the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2020 O a $500 b. $1,000 51.200 O d. 51,333 e. None of the above QUESTIONS In 2019, Gail had a $ 119 deduction carryover of $30,000. In 2020, she elected 179 for an asset acquired at a cost of S115,000. Gail's $ 179 business income limitation for 2020 is 140,000 Determine Gail's $ 179 deduction for 2020. a $25,000 6.5115,000 OG $130,000