On May 15, 2010, Lurlene buys a used automobile for $17,000. She drives it 9,000 miles for

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On May 15, 2010, Lurlene buys a used automobile for $17,000. She drives it 9,000 miles for business and 3,000 miles for personal trips during the year. What is Lurlene’s maximum cost recovery for 2010?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 02:34 AM

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On May 15, 2010, Lurlene buys a used automobile for $17,000. She drives it 9,000 miles for

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To use regular MACRS listed property must be used more than 50 in a trade or business use Lurlen...View the full answer

Concepts In Federal Taxation

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