On April 23,2016,Bailey Purchased an Automobile for $25,000

question 55

Essay

On April 23,2016,Bailey purchased an automobile for $25,000.The car is used 80% for business and 20% for personal use.What is the cost recovery deduction for 2016 and 2017 assuming the 50% bonus was taken? Round answers to the nearest dollar)

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Definitions:

Measles-Mumps-Rubella (MMR)

A combined vaccine that protects against three viral infections: measles, mumps, and rubella.

Immunization Record

A documentation of all the vaccines that an individual has received, serving as a history of immunization against infectious diseases.

Testicular Self-examinations

A self-performed procedure by men to check their testicles for lumps, changes, or abnormalities, aiding in early detection of testicular cancer.