On June 1,2010,Irene Places in Service a New Automobile That

question 39

Multiple Choice

On June 1,2010,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. ) If Congress reenacts additional first-year depreciation for 2010,she does elect not to take additional first-year depreciation.Determine the cost recovery deduction for 2011.

• A)$3,060.
• B)$3,290.
• C)$3,430.
• D)$6,720.
• E)None of the above.

---

Definitions:

Era

A distinct period of history marked by notable events, characteristics, or developments.

Relationship

A connection or association between two or more people, entities, or concepts.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising.

Sales

The activities involved in selling products or services, including marketing, negotiation, and transaction processes.