If a new luxury automobile is used 100% for business and placed in service in 2014,the maximum MACRS depreciation on the vehicle for 2014 is $3,160.

Name: If a new luxury automobile is used 100% for business and placed in service in 2014,the maximum MACRS depreciation on the vehicle for 2014 is $3,160.
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Quizplus · Accepted Answer

The IRS sets specific limits on the depreciation of luxury vehicles, and for 2014, the maximum allowable depreciation for a luxury vehicle used 100% for business was $3,160.

If a New Luxury Automobile Is Used 100% for Business