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On June 1, 2018, 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 2019.
Property Tax
A levy imposed by a government on a property owner, based on the value of the property.
Mill Rate
The amount of property tax per $1000 value.
Average Number
A value found by adding all numbers in a set together and then dividing by the count of those numbers.
Staff Members
Individuals employed by an organization or a specific department within an organization.
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