Determine the cost recovery recapture


On June 14, 2005, Herald purchased an automobile that cost $22,000. The car is used 80 percent for business and 20 percent for personal use. In 2006, he used the automobile 30 percent for business and 70 percent for personal use. Determine the cost recovery recapture for 2006.

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Accounting Basics: Determine the cost recovery recapture
Reference No:- TGS069444

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