On june 1, 2018, cork oak corporation purchased a passenger automobile for 100 percent use in its business. the auto, with a cost basis of $22,000, has a 5-year recovery period.. how much depreciation should be taken for 2018, assuming cork oak corporation uses the accelerated depreciation method under macrs but does not choose to make the election to expense or take bonus depreciation?

Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.