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.

---

Definitions:

Diatoms

Single-celled, photosynthetic protists with a two-part silica shell.

Amoebozoans

A group of amoeboid protozoa, including amoebas, characterized by their ability to change shape due to the movement of their pseudopodia.

Dictyostelium

A genus of slime molds that are used as model organisms in molecular biology and genetics.

Mitochondria

The organelles within cells that generate most of the cell's supply of ATP, used as a source of chemical energy, and involved in a range of other processes including signaling and cellular differentiation.