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What is the maximum amount of the car cost

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Reference no: EM132819782

Problem 1: In 2020, Ozzie Ostentatious purchased a new Porsche convertible for $80,000 to be used in his business, Tract Homes Are Us. Ozzie drove the car 80% of the time for business. What is the maximum amount of the car's cost that Ozzie may deduct this year (ignoring bonus depreciation)?

Reference no: EM132819782

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