Determine the cost recovery deduction for 2009


On June 1, 2008, Carolyn places in service a new automobile that cost $25,000. The car is used 70% for business and 30% for personal use. (Assume this percentage is maintained for the life of the car.) She does elect not to take additional first-year depreciation. Determine the cost recovery deduction for 2009.

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Accounting Basics: Determine the cost recovery deduction for 2009
Reference No:- TGS084177

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