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The § 179 Limit for a Sports Utility Vehicle with a GVW

question 29

True/False

The § 179 limit for a sports utility vehicle with a GVW of 7,000 pounds used for the production of income is $25,000.


Definitions:

Governor

A device used to regulate the speed of machinery by automatically adjusting the supply of fuel, steam, or other power source.

Brake Chambers

Components in air brake systems, primarily in heavy vehicles, where pressurized air is converted into mechanical force to apply the brakes.

Slack Adjusters

Mechanisms that adjust the distance between a brake drum and brake lining to compensate for wear, crucial for maintaining effective brake function.

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