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.

---

Definitions:

Administrative Law Judge

An official who presides over federal, state, or local administrative hearings and has the authority to make decisions on disputes involving administrative laws.

Subpoena

A document issued by a court ordering someone to appear in court or to produce documents or evidence.

Food And Drug Administration

A federal agency of the United States Department of Health and Human Services responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices (ERED), cosmetics, animal foods & feed, and veterinary products.

Trade Secrets

Confidential business information that provides a competitive edge, such as formulas, practices, processes, designs, instruments, or patterns.