On May 15, 2016, Lurlene buys a used automobile for $17,000. She drives it, 9,000 miles for

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On May 15, 2016, 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 2016?

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Concepts In Federal Taxation 2018

ISBN: 9781337386074

25th Edition

Authors: Kevin E. Murphy, Mark Higgins

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Question Posted: Nov 14, 2018 09:59 AM

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On May 15, 2016, 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 Lurlenes a...View the full answer

Concepts In Federal Taxation 2018

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