(Solution) - On October 15 2016 Jon purchased and placed in service -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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On October 15, 2016, Jon purchased and placed in service a used car. The purchase price was $25,000. This was the only business-use asset Jon acquired in 2016. He used the car 80% of the time for business and 20% for personal use. Jon used the MACRS statutory percentage method. Calculate the total deduction Jon may take for 2016 with respect to the car.