Jon used the satutory percentage method of cost recovery


Question - On October 15, 2011, Jon purchased and played in service a used car. The purchase price was $25,000. This was the only business use asset Jon acquired in 2011. He used the car 80% of the time for business and 20% for personal use. Jon used the satutory percentage method of cost recovery. Calculate the total deduction Jon may take for 2011 with respect to the car.

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Accounting Basics: Jon used the satutory percentage method of cost recovery
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