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On April 23,2014,Bailey Purchased an Automobile for $25,000

question 24

Essay

On April 23,2014,Bailey purchased an automobile for $25,000.The car is used 80% for business and 20% for personal use.What is the cost recovery deduction for 2014 and 2015 assuming the 50% bonus was taken? (Round answers to the nearest dollar)


Definitions:

Blaming The Victim

A perspective that holds individuals responsible for the negative conditions in which they live.

Classist Thinking

The belief or attitude that people from certain social or economic classes are superior or inferior to others, often leading to discrimination and social divide.

Capitalist Ideology

A set of beliefs and values that supports and promotes the principles of capitalism, including private property, free markets, competition, and profit maximization.

Canadians

Citizens or nationals of Canada, a country known for its diverse culture, natural beauty, and commitment to social welfare.

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