On July 17, 2012, Kevin Places in Service a Used

question 89

Multiple Choice

On July 17, 2012, Kevin places in service a used automobile that cost $25,000.The car is used 80% for business and 20% for personal use.In 2013, he used the automobile 40% for business and 60% for personal use.Determine the cost recovery recapture for 2013.

• A)$0.
• B)$448.
• C)$2,000.
• D)$2,500.
• E)None of the above.

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Definitions:

Controversial Practice

A method or procedure that is disputed or debated, often due to ethical concerns or differing viewpoints.

Business Cycles

Periods of economic expansion and contraction experienced by an economy over time, marked by changes in GDP, employment, and other economic indicators.

Predictable Impact

The anticipated effect or outcome of a specific action or event, based on prior knowledge or patterns.

Variable Timing

A scheduling strategy that allows for flexibility in the timing of tasks, events, or operations, often to accommodate changes or unforeseen variables.