Which of the Following Correctly Describe(s)cost Recovery of Automobiles Placed

question 53

Multiple Choice

Which of the following correctly describe(s) cost recovery of automobiles placed in service in 2012?

• A)Total depreciation, including bonus depreciation, cannot exceed $9,600.
• B)No cost recovery is allowed if the automobile is used 50% or less for trade or business.
• C)The amount of the depreciation deduction cannot exceed $11,160.
• D)No cost recovery is allowed for automobiles used for production of income activities.

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Definitions:

Controlling Information

The management or regulation of access to information to influence outcomes, behaviors, or perceptions.

Lightwave Transmission

The use of light waves (optical signals) to transmit information over distances, commonly employed in fiber-optic communication networks.

Photonics Engineer

A professional who applies the science of light (photonics) to develop and improve technologies in areas such as telecommunications, medicine, and manufacturing.

Competitive Threat

A situation in which a business faces possible loss of market share or its competitive position due to actions by rivals.