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May 2, 2018, Karen placed in service a new sports utility vehicle that cost $60,000 and...

May 2, 2018, Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 pounds. the vehicle is used 60% for business and 40% for personal use. Determine Karen's total cost recovery for 2018. Karen wants to use both IRC Sec. 179 and additional first-year bonus depreciation.

Group of answer choices

None of these answers

27,200

25,000

7,200

36,000

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Answer #1

solutions - cost for business use = 60000 x 60%. = $36000 § 179 expense $25000 Additional first year depreciation - 36000 - 2

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