If a New Car That Is Used Predominantly in Business

question 40

True/False

If a new car that is used predominantly in business is placed in service in 2012, the statutory dollar cost recovery limit under § 280F will depend on whether the taxpayer takes MACRS or straight-line depreciation.

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Definitions:

Crude Birth Rate

A demographic measure representing the number of live births in a given year per 1,000 people in the population.

Annual Number

A quantity or statistic that is reported or measured once every year.

Live Births

The number of babies born alive in a given time period and region.

Demographic Transition Theory

A concept explaining how a nation moves from having high birth and death figures to low ones as it progresses from a pre-industrial to an industrial economic system.