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For a new car that is used predominantly in business, the "luxury auto" limit depends on whether the taxpayer takes
MACRS or straight-line depreciation.
Q15: Mauve Company permits employees to occasionally use
Q42: Fred and Lucy are married, ages 33
Q46: All personal property placed in service in
Q53: A company has a medical reimbursement plan
Q60: Stella, age 38, is single with no
Q69: In 2017, Blake incurs $270,000 of mining
Q70: After graduating from college with a degree
Q75: In applying the $1 million limit on
Q90: A loss is not allowed for a
Q98: Green, Inc., manufactures and sells widgets. During