If an Automobile Is Placed in Service in 2019, the Limitation

question 7

True/False

If an automobile is placed in service in 2019, the limitation for cost recovery in 2021 will be based on the cost recovery limits for the year 2019.

---

Definitions:

Strategic Role

The part played by individuals, groups, or entities in achieving long-term goals or fulfilling a purpose within an organizational or theoretical framework.

Human Resource Professionals

Individuals specializing in managing and developing an organization's workforce, including recruitment, training, performance management, and employee relations.

Human Capital

Human Capital refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Strategic Business Partner

Refers to individuals or entities that collaboratively work with an organization to achieve its strategic objectives, often contributing expertise or resources.