FINANCE-On May 28, 2014, Mary purchased and placed in service a new $20,000 car
Can someone please help me with this question?On May 28, 2014, Mary purchased and placed in service a new $20,000 car. The car was used 60% for business, 20% for production of income, and 20% for personal use in 2014. In 2015, the usage changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not elect immediate expensing under Â§ 179. She did not claim any available additional first-year depreciation. Compute Mary’s cost recovery deduction and any cost recovery recapture in 2015.
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