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Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2015 for $32,000. The company did not elect Sec.
Luxury Auto Limitations. Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2015 for $32,000. The company did not elect Sec. 179 expensing. What is depreciation for 20152017, and any subsequent years?
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