Find out the cost recovery recapture and the cost recovery

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Reference no: EM13126303

Nora purchased a new automobile on July 20, 2011, for $29,000. The car was used 60% for business and 40% for personal use. In 2012, the car was used 30% for business and 70% for personal use. If Congress reenacts additional first-year depreciation for 2011, Nora elects not to take additional first-year depreciation. Determine the cost recovery recapture and the cost recovery deduction for 2012.

Reference no: EM13126303

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