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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 20: 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 27

Question 27

True/False

If a new luxury automobile is used 100% for business and placed in service in 2015,the maximum MACRS depreciation on the vehicle for 2015 is $3,160.

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