During the year the car was used 40 for business and 60 for


Hans purchased a new passenger automobile on August 17, 2016, for $40,000. During the year the car was used 40% for business and 60% for personal purposes. Determine his total cost recovery deduction for the car for 2016

Solution Preview :

Prepared by a verified Expert
Accounting Basics: During the year the car was used 40 for business and 60 for
Reference No:- TGS02584096

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)