Solved: Zachary purchased a new car on august 1 2011 for 14500 what, Accounting Basics

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Zachary purchased a new car on august 1 2011 for 14500 what

Question - Zachary purchased a new car on August 1, 2011 for $14,500. His records indicate that he uses the car 45 percent for business and 55 percent for personal use. What are his cost recovery deductions for 2011 and 2012?

a. $653; $1,305

b. $1,377; $2,205

c. $1,305; $2,088

d. $798; $1,595

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Accounting Basics: Zachary purchased a new car on august 1 2011 for 14500 what

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