A used $35,000 automobile that is used 100% for business is placed in service in 2015.If the automobile fails the 50% business usage test in the second year,no cost recovery will be recaptured.
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Q1: The key date for calculating cost recovery
Q5: Taxable income for purposes of § 179
Q12: Any § 179 expense amount that is
Q20: The basis of an asset on which
Q21: A taxpayer may elect to use the
Q22: MACRS depreciation is used to compute earnings
Q27: All listed property is subject to the
Q30: The cost of a covenant not to
Q30: The § 179 deduction can exceed $500,000
Q31: The "luxury auto" cost recovery limits change
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