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For both new and used vehicles that are acquired and placed in service after 12/31/17 and used over 50% for business, the TCJA has which
For both new and used vehicles that are acquired and placed in service after 12/31/17 and used over 50% for business, the TCJA has which of the following impacts?
A) Dramatically increases the luxury auto depreciation limitations.
B) Repeals the luxury auto depreciation limitations.
C) Increase the maximim first year luxury auto depreciation limitation to $25,000.
D) Eliminates any additional luxury auto depreciation allowance for fisrt year bonus depreciation.
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