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On June 1, 2019, James Places in Service a New

question 31

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On June 1, 2019, 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 2019.


Definitions:

Down Syndrome

A genetic disorder caused by the presence of an extra 21st chromosome, leading to distinctive physical features and varying degrees of intellectual disability.

Chromosome 21

A chromosome in humans that is associated with the physical and cognitive manifestations of Down syndrome when an individual has three copies.

Klinefelter Syndrome

A genetic condition where males have an extra X chromosome, leading to physical and cognitive development symptoms.

Pituitary Gland

A pea-sized gland located at the base of the brain that produces hormones regulating growth, metabolism, and reproductive functions.

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