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In 2 0 2 4 , Juanita purchased an automobile for $ 6 5 , 0 0 0 that will be used 8 0 %
In Juanita purchased an automobile for $ that will be used for business. If Juanita did NOT have to consider the limitations for depreciation on automobiles, she would be able to deduct $
in regular MACRS depreciation the first year. However, she will only be able to deduct $
due to the luxury limitations
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
