If a New Car That Is Used Predominantly in Business

question 87

True/False

If a new car that is used predominantly in business is placed in service in 2013,the statutory dollar cost recovery limit under § 280F will depend on whether the taxpayer takes MACRS or straight-line depreciation.

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Definitions:

Diffusion

The passive movement of molecules or particles from an area of higher concentration to an area of lower concentration, until equilibrium is reached.

Allergic Reaction

An immune response to a substance, known as an allergen, that is typically harmless to most people.

Osmosis

The movement of water molecules through a semipermeable membrane from a region of lower solute concentration to one of higher concentration.

Charged Molecules

Molecules that have an electric charge due to the loss or gain of one or more electrons.