Multiple Choice
Which of the following correctly describe(s) cost recovery of automobiles placed in service in 2016?
A) Total depreciation,including bonus depreciation,cannot exceed $9,600.
B) No cost recovery is allowed if the automobile is used 50% or less for trade or business.
C) The amount of the depreciation deduction cannot exceed $11,160.
D) No cost recovery is allowed for automobiles used for production of income activities.
Correct Answer:
Verified
Correct Answer:
Verified
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