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On April 23, 2015, Bailey Purchased an Automobile for $25,000

Question 69

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On April 23, 2015, Bailey purchased an automobile for $25,000. The car is used 80% for business and 20% for personal use. What is the cost recovery deduction for 2015 and 2016 assuming the 50% bonus was taken? (Round answers to the nearest dollar)

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2015 $25,000 × 80% × 50% = $10,000 but l...

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