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Y purchased a new passenger automobile on February 16, 2022, for $20,000. During the year, the car was used 30% for business and 70% for
Y purchased a new passenger automobile on February 16, 2022, for $20,000. During the year, the car was used 30% for business and 70% for personal use. Determine their cost recovery deduction for the car for 2022. a. $900 b. $600 c. $1,200 d. $500 e. None of the choices presented are correct
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Management Accounting Information for creating and managing value
Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne
8th edition
9781760420413 , 978-1760420406
