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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 8: Depreciation, Cost Recovery, Amortization, and Depletion
  5. Question
    For a New Car That Is Used Predominantly in Business
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For a New Car That Is Used Predominantly in Business

Question 101

Question 101

True/False

For a new car that is used predominantly in business, the "luxury auto" limit depends on whether the taxpayer takes
MACRS or straight-line depreciation.

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