Multiple Choice
Kelly buys a new Lexus for $48,750 in the current year to use in her commercial real estate business. Kelly cannot deduct the cost of the automobile in the current year, because
A) it is unreasonable in amount.
B) it is not a regularly recurring item.
C) it is a capital expenditure.
D) it is not necessary
Correct Answer:
Verified
Correct Answer:
Verified
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