On June 1, 2018, James Places in Service a New

question 29

Multiple Choice

On June 1, 2018, James places in service a new automobile that cost $40,000. The car is used 60% for business and 40% for personal use. (Assume this percentage is maintained for the life of the car.) James does not take additional first-year depreciation. Determine the cost recovery deduction for 2018.

• A) $1,776
• B) $1,896
• C) $4,800
• D) $6,000
• E) None of the above

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Definitions:

Neglect

Neglect involves failing to care for or attend to someone or something properly, often leading to adverse effects or deterioration.

Evidence of Burns

Indicators or signs on the body that suggest the occurrence of burns, such as discoloration, blisters, or damaged skin.

Unusual Places

Locations that are out of the ordinary, unique, or unexpected in some way.

Abuse

The improper usage or treatment of an entity, often to unfairly or improperly gain benefit.