On june 1 2009 irene places in service a new automobile, Ask an Expert

Accounting

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, Accounting

Category:- Accounting Basics
Reference No.:- M973594

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