Which of the Following Correctly Describe(s) Cost Recovery of Automobiles

question 86

Multiple Choice

Which of the following correctly describe(s) cost recovery of automobiles placed in service in 2018?

• A)Total depreciation, including bonus depreciation, cannot exceed $10,000.
• B)No cost recovery is allowed if the automobile is used 50% or less for trade or business.
• C)The amount of the depreciation deduction cannot exceed $18,000.
• D)No cost recovery is allowed for automobiles used for production of income (i.e. rental) activities.

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Definitions:

Inducible Operon

An operon that is normally inactive because a repressor molecule is attached to its operator; transcription is activated when an inducer binds to the repressor, making it incapable of binding to the operator. Compare with repressible operon.

Inducer Molecule

A substance that initiates the expression of genes by interacting with a repressor or an activator.

Active Repressor

A molecular form of a repressor protein that can bind to specific regions of DNA and inhibit gene transcription.

Transcriptional Activity

The process of copying a segment of DNA into RNA by the enzyme RNA polymerase, crucial in gene expression.