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:

CD Players

Electronic devices designed for playing music discs known as compact discs, which encode digital audio data.

Prices

The amounts of money expected, required, or given in payment for something.

Stemplot

Also known as a stem-and-leaf plot, it is a graphical method of displaying quantitative data to assess its shape and distribution.

Heights

A measurement of how tall a person or object is, typically in units of feet, inches, or meters.