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

question 54

Multiple Choice

On June 1, 2017, 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 2017.

• A)$1,776
• B)$1,896
• C)$4,800
• D)$8,000
• E)None of the above

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Definitions:

Hyperlink Address

The URL or path specified in a hyperlink that directs the user to a new location or document when clicked.

Form Layout View

A design mode in database applications where the structure and layout of a form can be edited while showing the data.

Subform

A form embedded within another form in a database application, often used to show related records.

Option Group

A user interface control that presents a set of mutually exclusive choices to the user, often represented as radio buttons or a dropdown list.