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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 10: Depreciation, cost Recovery, amortization, and Depletion
  5. Question
    If a New Luxury Automobile Is Used 100% for Business
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If a New Luxury Automobile Is Used 100% for Business

Question 40

Question 40

True/False

If a new luxury automobile is used 100% for business and placed in service in 2016,the maximum MACRS depreciation on the vehicle for 2016 is $11,160.

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