Determine the cost recovery deduction for 2010, Accounting Basics

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Determine the cost recovery deduction for 2010

On June 1, 2009, Irene places in service a new automobile that cost $21,000. 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 2010.

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Accounting Basics: Determine the cost recovery deduction for 2010

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Accounting Basics: Determine the cost recovery deduction for 2010

Reference No:- TGS088432

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the cost to continue doing accounts

Q : What amount must be added back to taxable income (loss)

Q : Cash method of accounting

Q : How much of the property taxes may julio deduct

Q : Determine the cost recovery deduction for 2010

Q : Determine the cost recovery deduction for 2009

Q : How much must conveyor speed be increased

Q : Determine the cost recovery deduction for the year

Q : Determine the monthly volume necessary at each location

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the cost recovery deduction for 2010

Reference No:- TGS088432

Recent Questions Asked Accounting Basics

Q : Calculate the cost to continue doing accounts

Q : What amount must be added back to taxable income (loss)

Q : Cash method of accounting

Q : How much of the property taxes may julio deduct

Q : Determine the cost recovery deduction for 2010

Q : Determine the cost recovery deduction for 2009

Q : How much must conveyor speed be increased

Q : Determine the cost recovery deduction for the year

Q : Determine the monthly volume necessary at each location

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