If a New Luxury Automobile Is Used 100% for Business

question 93

True/False

If a new luxury automobile is used 100% for business and placed in service in 2016,the maximum MACRS depreciation on the vehicle for 2017 is $11,160.

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Definitions:

Freedom

The state of being free or at liberty rather than in confinement or under physical restraint; encompasses the ability to act, speak, or think without externally imposed restrictions.

Slavery

A system in which individuals are owned by others as property, deprived of personal freedom and compelled to perform labor or services.

Cold War

The period of geopolitical tension between the Soviet Union and the United States and their respective allies, from the end of World War II until the dissolution of the Soviet Union in 1991, characterized by espionage, propaganda, and proxy wars.

Dixiecrats

A political party officially known as the States' Rights Democratic Party, formed in 1948 by Southern Democrats in opposition to the federal civil rights initiatives.