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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 8: Depreciation, cost Recovery, amortization, and Depletion
  5. Question
    A Used $35,000 Automobile That Is Used 100% for Business
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A Used $35,000 Automobile That Is Used 100% for Business

Question 75

Question 75

True/False

A used $35,000 automobile that is used 100% for business is placed in service in 2015.If the automobile fails the 50% business usage test in the second year,no cost recovery will be recaptured.

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