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Janet Purchased a New Car on June 5,2010,at a Cost

question 77

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Janet purchased a new car on June 5,2010,at a cost of $18,000.She used the car 80% for business and 20% for personal use in 2010.She used the automobile 40% for business and 60% for personal use in 2011.If Congress reenacts additional first-year depreciation for 2010,Janet elects not to take additional first-year depreciation.Determine Janet's cost recovery recapture for 2011.


Definitions:

Outbreak

The sudden start or increase of a disease or illness in a specific area or among a specific group of people.

Pandemic

An outbreak of a disease that occurs over a wide geographic area and affects an exceptionally high proportion of the population.

Antimicrobial

An agent that kills microorganisms or suppresses their growth.

Tuberculosis

A contagious bacterial infection that primarily affects the lungs but can spread to other parts of the body.

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