On July 17, 2017, Kevin Places in Service a Used

question 83

Multiple Choice

On July 17, 2017, Kevin places in service a used automobile that cost $25,000. The car is used 80% for business and 20% for personal use. In 2018, he used the automobile 40% for business and 60% for personal use. Determine the cost recovery recapture for 2018.

• A)$0
• B)$528
• C)$2,000
• D)$2,500
• E)None of the above

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Definitions:

Rules Violating

The act of disobeying or acting in opposition to established guidelines, laws, or expectations.

Monozygotic

Monozygotic pertains to identical twins that develop from a single fertilized egg, which then divides to form two genetically identical individuals.

School Phobia

School phobia, also known as school refusal, is a complex and debilitating psychological disorder where a child experiences intense fear or anxiety about attending school.

Neurotransmitter

Chemical substances produced in the nervous system that transmit signals across a synapse from one neuron to another.