If a Used $15,000 Automobile Used 100% for Business in the First

question 9

True/False

If a used $15,000 automobile used 100% for business in the first year (2012) fails the 50% business usage test in the second year, no cost recovery will be recaptured.

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Definitions:

Documentation Terms

Phrases and vocabulary used in records or reports to describe or detail processes, procedures, or conditions accurately.

Penetration

The action or process of making a way through or into something; in medical terms, often refers to the breach of a body part or organ.

Declined

Refused or rejected a proposal, invitation, or opportunity.

Nonjudgmental

Adopting an attitude or stance that avoids making judgments, especially moral or value judgments about others.