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Determine the cost recovery deduction

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Problem 1: On June 1, 2020, Nico places in service a new automobile that cost $40,000. The car is used 60% for business and 40% for personal use. (Assume this percentage is maintained for the life of the car.) Nico does not take additional first-year depreciation. Determine the cost recovery deduction for 2020.

A. $1,776
B. $1,896
C. $4,800
D. $6,000

Reference no: EM132698545

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