Due to the Ceiling on the Amount of First-Year Expensing

question 13

Multiple Choice

Due to the ceiling on the amount of first-year expensing and depreciation deductions that may be claimed for automobiles, the basis of a car

• A)Is fully recovered in less time than is that of a car costing less
• B)Is fully recovered in the same amount of time as that of a car costing less
• C)Is fully recovered in more time than is that of a car costing less
• D)Is never fully recovered