In which, if any, of the following situations is the automatic mileage available?
A)A limousine to be rented by the owner for special occasions (e.g., weddings, high school proms).
B)The auto belongs to taxpayer's mother.
C)One of seven cars used to deliver pizzas.
D)MACRS statutory percentage method has not been claimed on the automobile.
E)None of the above.

Question

Quizplus · Accepted Answer

The automatic mileage method is available if the Modified Accelerated Cost Recovery System (MACRS) statutory percentage method has not been claimed on the automobile.

In Which, If Any, of the Following Situations Is the Automatic