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23 MACRS depreciation method includes: A.- Only 200% DB and Bonus Depreciation. B.- Only 150% DB and 200% DB. C.- 150% DB, 200% DB, SL,
23 | MACRS depreciation method includes: |
A.- Only 200% DB and Bonus Depreciation. | |
B.- Only 150% DB and 200% DB. | |
C.- 150% DB, 200% DB, SL, and bonus depreciation. | |
D.- Only 200% DB. | |
24 | If a taxpayer chooses to deduct state and local income taxes paid, how does state and local sales tax affect the depreciable basis of a vehicle used in a trade or business? |
A.- It is subtracted from the depreciable basis of the vehicle. | |
B.- State and local sales tax does not affect the depreciable basis of a vehicle. | |
C.- Bonus depreciation is limited by any amount paid in state or local sales taxes. | |
D.- The amount paid for state and local sales taxes is added to the depreciable basis. |
Tax - Intermediate Vehicle Expense [2019] _ |
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