On June 1, 2012, Irene Places in Service a New

question 36

Multiple Choice

On June 1, 2012, 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.Determine the cost recovery deduction for 2013.

• A)$3,060.
• B)$3,290.
• C)$3,430.
• D)$6,720.
• E)None of the above.

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Definitions:

Edema

Swelling caused by excess fluid trapped in the body's tissues, often affecting the extremities like hands, arms, feet, ankles, and legs.

Skin Assessment

A thorough evaluation of the skin to identify any conditions, diseases, or abnormalities, often conducted by healthcare professionals.

Hyperemia

An increase in blood flow to different tissues in the body, often resulting in redness and warmth.

Induration

The process of becoming hard or the condition of being hardened, often referring to an area of the skin that becomes firm from inflammation, edema, or malignant growth.