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Rex uses the actual cost method. [Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used.
Rex uses the actual cost method. [Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used. The recovery limitation for an auto placed in service in 2010 is as follows: $3,060 (first year), $4,900 (second year), $2,950 (third year), and $1,775 (fourth year).]
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