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6). Nora purchased a new automobile on July 20, 2019, for $29,000. The car was used 60% for business and 40% for personal use

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Cost Recovery in 2020
MACRS ($29,000*0.20) =$5,800 (limited to $3,160*); $3,160*60% $1,896
Straight - Line ($29,000*0.10) =$2,900(limited to$3,160*)$2,900*60% ($1,740)
Cost Recovery in 2016 $156
Cost Recovery in 2020
Straight - Line ($29,000*0.20) =$5,800(limited to$5,100*)$5,100*30% $1,530
* This depreciation limits are indexed annual

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