Hans Purchased a New Passenger Automobile on August 17, 2018

question 15

Multiple Choice

Hans purchased a new passenger automobile on August 17, 2018, for $30,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2018.

• A) $500
• B) $1,000
• C) $1,200
• D) $1,333
• E) None of the above

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Definitions:

Politically Self-Governing

Refers to an entity or group that exercises autonomous control over its governance without external interference.

Holocaust

The systematic, state-sponsored persecution and murder of six million Jews by the Nazi regime and its allies and collaborators before and during World War II.

Band Society

A small, loosely organized group of hunter-gatherers who work together and share resources, usually consisting of 20-50 individuals.

State Society

A complex social organization characterized by a formal governmental structure and socioeconomic stratification.