Question

the annual automobile depreciation limitation apply only to the first 4 years of the asset's recovery....

the annual automobile depreciation limitation apply only to the first 4 years of the asset's recovery.
true or false

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Answer #1

Answer: False

Explanation:

Automobiles are subject to the luxury automobile limitations until the automobile is fully depreciated.

Hence,

The statement 'the annual automobile depreciation limitation apply only to the first 4 years of the asset's recovery' is False because it subject to the luxury automobile limitations until the automobile is fully depreciated.

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