On June 1, 2017, Irene Places in Service a New

question 90

Multiple Choice

On June 1, 2017, 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 not take additional first-year depreciation. Determine the cost recovery deduction for 2018.

• A)$3,160
• B)$3,290
• C)$3,570
• D)$6,720
• E)None of the above

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Definitions:

Western European Nations

Countries located in the western part of Europe, often characterized by shared historical and cultural traits.

Eastern European Nations

Countries located in the eastern part of the European continent, which may include nations like Poland, Hungary, Czech Republic, and others, depending on the context used.

Oceanic Nations

Refers to countries primarily located in the Pacific Ocean, which may share certain cultural, historical, and geopolitical characteristics or challenges.

Goal Sharing

The practice of communicating and aligning individual goals with those of a group or team to enhance cooperation and achieve mutual objectives.