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in 2020? 1:10-37 Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2021 for $64,000. The company did

in 2020? 1:10-37 Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2021 for $64,000. The company did not elect Sec. 179 expensing and elects out of bonus depreciation. What is depreciation for 2021 and each subsequent year? 1:10-38 Lurun Auto Limitations. In 2021 Luby Corporation acquises and alone

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