The Statutory Dollar Cost Recovery Limits Under § 280F for Passenger

question 82

True/False

The statutory dollar cost recovery limits under § 280F for passenger automobiles still apply if mid-quarter cost recovery is used.

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Definitions:

Necessary

Refers to something required or indispensable for a particular purpose or need.

Disaffirm

The act of renouncing or rejecting a legal contract or agreement, typically used in the context of minors disaffirming contracts.

Misrepresenting Age

The act of falsely stating one's age, typically for the purpose of obtaining age-restricted goods, services, or rights.

Disaffirmance

The legal right of a minor to renounce a contract, thereby being freed from any contractual obligations.