Hans purchased a new passenger automobile on august 17 2009, Ask an Expert

Accounting

Hans purchased a new passenger automobile on August 17, 2009, for $40,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2009.

A) $500.

B) $1,000.

C) $1,184.

D) $1,500.

E) None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432665

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