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For a New Car That Is Used Predominantly in Business

question 101

True/False

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.


Definitions:

Convex Lenses

Optical lenses that curve outward, capable of bending light rays to converge at a focal point, often used in magnifying glasses.

"Minus" Lenses

Eyeglass lenses designed to correct myopia (nearsightedness) by diverging light rays before they reach the eye.

Conjunctiva

A thin, transparent membrane that covers the white part of the eyeball and the inner surfaces of the eyelids.

Choroid

A layer of the eye between the retina and the sclera, rich in blood vessels, that provides oxygen and nutrients to the outer parts of the retina.

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