SpencerT5890 SpencerT5890

27-12-2022
Business

Answered

In 2022, Bill purchased an automobile for $65,000 that will be used 80% for business. If Bill did NOT have to consider the limitations for depreciation on automobiles, he would be able to deduct _ in regular MACRS depreciation the first year. However, he will only be able to deduct due to the luxury limitations.

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