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. 1:10-37 Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2022 for $64,000. The company did not

. 1:10-37 Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2022 for $64,000. The company did not elect Sec. 179 expensing and elec...

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