On May 2, 2023, Karen placed in service a new sports utility vehicle that cost...
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Accounting
On May 2, 2023, Karen placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of 6,300 lbs. The vehicle is used 60% for business and 40% for personal use. Determine Karen's total cost recovery for 2023. Karen wants to use both 179 but not the additional first-year depreciation. Karen will elect normal MACRS depreciation for any unrecovered cost.
a. $7,200
b. $29,752
c.$30,320
d.$36,000
e. None of the above
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