Zachary Purchased a New Car on August 1,2014 for $14,500

question 33

Multiple Choice

Zachary purchased a new car on August 1,2014 for $14,500.His records indicate that he uses the car 45 percent for business and 55 percent for personal use.What are his cost recovery deductions for 2014 and 2015?

• A)$653; $1,305
• B)$1,377; $2,205
• C)$1,305; $2,088
• D)$798; $1,595

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Definitions:

Census Data

Statistical data about a population and its characteristics, usually collected by a government.

Sociological Analysis

The examination and interpretation of social behaviors, patterns, and structures to understand human society and social interactions.

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A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

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