sleepingsheep posted a question Oct 10, 2012 at 1:52am
80. Janet purchased a new car on June 5, 2012, at a cost of $18,000. She used the car 80% for business and 20% for personal use in 2012. She used the automobile 40% for business and 60% for personal use in 2013. Janet takes additional first-year depreciation. Determine Janet’s cost recovery recapture for 2013.
A. $0.
B. $928.
C. $1,008.
D. $7,408.
E. None of the above.
why choose D? can you explain the caculation?