Business, 21.10.2021 01:00 nguyendavis17
LO.2, 4 On May 28, 2021, Mary purchased and placed in service a new $60,000 car. The car was used
60% for business, 20% for production of income, and 20% for personal use in 2021. In 2022, the usage
changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not
elect immediate expensing under $ 179. She did not claim any available additional first-year
depreciation. Compute Mary's cost recovery deduction and any cost recovery recapture for 2022.
Answers: 2
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LO.2, 4 On May 28, 2021, Mary purchased and placed in service a new $60,000 car. The car was used...
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