Hans Purchased a New Passenger Automobile on August 17, 2017

question 12

Multiple Choice

Hans purchased a new passenger automobile on August 17, 2017, for $30,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2017.

• A)$500
• B)$1,000
• C)$1,224
• D)$1,500
• E)None of the above

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