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    Business
  3. Study Set
    Income Tax Fundamentals
  4. Exam
    Exam 7: Accounting Periods and Methods and Depreciation
  5. Question
    Automobiles Placed in Service in 2014 Generally Have a 3-Year
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Automobiles Placed in Service in 2014 Generally Have a 3-Year

Question 1

Question 1

True/False

Automobiles placed in service in 2014 generally have a 3-year cost recovery period under the Modified Accelerated Cost Recovery System (MACRS).

Correct Answer:

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