Homework Answers
Total Cost of Recovery = $27200
Explanation:
Cost of business Use = 60%*60000 = $36000
As per section 179
Depreciation capped at $25,000 for SUVs, trucks, and vans with a gross vehicle weight rating of more than 6,000
Depreciation = $25000
As per MACRS
Additional First-year depreciation = (36000-25000)*0.20 = $2200
Total Cost of Recovery = $25000+$2200 = $27200
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