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A luxury automobile may depreciate using both IRS Sec. 179 immediate expensing and MACRS Luxury automobile limitation deprecation. What is the maximum of each respectively,
A luxury automobile may depreciate using both IRS Sec. 179 immediate expensing and MACRS Luxury automobile limitation deprecation. What is the maximum of each respectively, you may use in 2019-2020? $5.760: $10,000 $8.000: $10,100 $10,000: $16,000 $8,000: $16,000 Question 39 (3.1 points) Saved The Kiddie Tax rates for children whose unearned income (like interest and dividends) will now use which tax Tates Head of Household tax rates Single tax rates Estates and Trust tax rates Corporation tax rates Question 37 (3.1 points) Saved When inventory prices are rising, which method of inventory is likely to produce the least taxable income? FIFO LIFO Specific Identification Average 7 of
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