On June 1,2015,Irene Places in Service a New Automobile That

question 2

Multiple Choice

On June 1,2015,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 (if available) .Determine the cost recovery deduction for 2016.

• A)$3,160
• B)$3,290
• C)$3,570
• D)$6,720
• E)None of the above

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Definitions:

Binary Variable

A variable that takes one of two possible values, often used to represent outcomes like success/failure, yes/no, or true/false.

Demand Constraint

A limitation in operations management that affects the maximum demand that can be satisfied given current resources.

Double-subscripted Variables

Variables identified by two subscripts, commonly used in mathematical and scientific contexts to denote elements in matrices, tables, or double-entry arrays.

Capacity Constraint

A limitation on the resources available for production, such as time, labor, or materials, which can affect the maximum output levels.