Business, 19.06.2020 16:57 AriaMartinez

On October 15, 2018, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business use asset Jon acquired in 2018. He used the car 80% of the time for business and 20% for personal use. Jon used the regular MACRS method. Calculate the total cost recovery deduction Jon may take for 2018 with respect to the car.

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On October 15, 2018, Jon purchased and placed in service a used car. The purchase price was $25,000....

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