WebAug 17, 2012 · Hans purchased a new passenger automobile on August 17, 2012 for $40,000. During the year, the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2012. This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core … WebOn June 1, 2024, Irene places in service a new automobile that cost $21,000. The car is used 70% for business and 30% for personal use. (Assume this percentage is maintained for the life of the car.) She does not take additional first-year depreciation. Determine the cost recovery deduction for 2024. a. $3,290 b. $3,570 c. $4,704 d. $10,000 69.
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WebJun 1, 2013 · On June 1, 2013, 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.) ... 116. On March 1, 2013, Lana leases and places in service a passenger automobile. The lease will run for five years and the … WebNov 16, 2024 · Hans purchased a new passenger automobile on August 17, 2024, for $30,000. During the year, the car was used 40% for business and 60% for personal use. Determine the cost recovery deduction for the car for 2024. a.$1,000 b.$500 c.$1,200 …
WebAug 17, 2012 · Hans purchased a new passenger automobile on August 17, 2012 for $40,000. During the year, the car was used 40% for business and 60% for personal use. … WebAug 17, 2016 · Hans purchased a new passenger automobile on August 17, 2016, for $40,000. During the year, the car was used 40% for business and 60% for personal …
WebHans purchased a new passenger automobile on August 17, 2013, for $30,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2013. A. $500. B. $1,000. C. $1,224. D. $1,500. E. None of the above. 76. WebNov 18, 2024 · hans purchased a new passenger automobile on august 17, 2024, for $30,000. during the year, the car was used 40% for business and 60% for personal use. …
Web(TCO 10) Hans purchased a new passenger automobile on August 17, 2010 for $40,000. During the year, the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2010. 12. (TCO 10) Cory incurred and paid the following expenses: 13.
WebHazel purchased a new business asset (five-year property) on November 30, 2007, at a cost of $100,000. This was the only asset acquired by Hazel during 2007. ... Hans … red nose ballWebJul 20, 2024 · If Hans purchased a new passenger automobile on August 17, 2024, for $30,000. His cost recovery deduction for the car for 2024 is: $1,200. Cost recovery deduction Personal use property car is limited to 4,000 calculated as (10,000×.40) which represent the following: Half year convention Year in use Five year asset (auto) Hence: red nose ball 2023WebJul 22, 2024 · Hans purchased a new passenger automobile on August 17, 2024, for $30,000. During the year, the car was used 40% for business and 60% for personal use. … red nose ball 2022WebHans purchased a new passenger automobile on A ugust 17, 2024, for $30,000. During the year, the car . was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car . for 2024.-In 2024, the cost of the A u tomobile $30000, got only 40% use for business purpose, so §179 or first year. rich auntie sweatshirtWebNone of the above QUESTIONS Hans purchased a new passenger automobile on August 17, 2024, for $30.000 Daring the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2024 O a $500 b. $1,000 51.200 O d. 51,333 e. rich aunt meaningWebApr 12, 2015 · Hans purchased a new passenger automobile on August 17, 2011, for $30,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2011. a. $500. b. $1,000. c. $1,224. d. $1,500. e. None of the above. 958. rich aunty artinyaWebAug 17, 2014 · Hans purchased a new passenger automobile on August 17, 2014, for $30,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2014. a. … rich aunty gown