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

question 67

Multiple Choice

On June 1, 2012, 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 take additional first-year depreciation.Determine the cost recovery deduction for 2012.

• A)$1,776.
• B)$1,836.
• C)$6,636.
• D)$8,000.
• E)None of the above.

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Definitions:

Multicultural Organization

An organization characterized by a workforce from diverse cultural backgrounds, aiming to foster inclusivity and mutual respect.

Diversity-Related

concerns, policies, practices, or issues that relate to the inclusion and representation of different demographic groups and perspectives.

Xenophobic

Pertaining to a fear or hatred of foreigners or strangers, often manifesting in discriminatory attitudes or actions.

Knowledge Worker

An employee whose primary contribution to the organization involves specialized knowledge, expertise, or intellectual input.