On May 2,2016,Karen Placed in Service a New Sports Utility

question 46

Multiple Choice

On May 2,2016,Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 lbs.The vehicle is used 60% for business and 40% for personal use.Determine the cost recovery for 2016.Karen wants to maximize her deductions.

• A)$7,200
• B)$25,000
• C)$27,200
• D)$37,000
• E)None of the above

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Definitions:

Dispute

A disagreement or conflict between parties that may involve an argument over something important.

Document

A written, typed, or electronic matter that provides information or evidence or that serves as an official record.

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A dense, doughnut-shaped bread roll, typically boiled before being baked, originating from the Jewish communities of Poland.