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 and does not claim any expense under § 179 or additional first-year depreciation.
The total cost recovery deduction Jon may take for 2018 with respect to the car is?
378,310 students got unstuck by Course
Hero in the last week
Our Expert Tutors provide step by step solutions to help you excel in your courses