35.7k views
5 votes
On june 1, 2017, james places in service a new automobile that cost $40,000. the car is used 60% for business and 40% for personal use. (assume this percentage is maintained for the life of the car.) james does not take additional first-year depreciation. determine the cost recovery deduction for 2017.

2 Answers

0 votes
..,,......,,,.,,,..,.,,,,,,,.,m,,,,,,,,,,
User Abir Taheer
by
5.7k points
5 votes
You should start with 100% if he is decreasing then subtract
User Avrahamcool
by
5.3k points