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On June 1, 2017, 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 2017.
Performance Measurement
The process of evaluating the efficiency and effectiveness of an individual’s or organization’s output.
Objectives And Standards
Specific goals and benchmarks against which performance is measured or assessed.
Cash Bonuses
Monetary awards given to employees as recognition for their performance, efforts, or achievements.
Temporary Employees
Individuals hired to work for a specific, limited period of time, often to fulfill seasonal needs, complete specific projects, or cover for regular employees who are temporarily unavailable.
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