If a New Car That Is Used Predominantly in Business

question 96

True/False

If a new car that is used predominantly in business is placed in service in 2010,the statutory dollar cost recovery limit under § 280F will depend on whether the taxpayer takes MARCS or straight-line depreciation.

---

Definitions:

Low-pressure Cells

Areas in the Earth's atmosphere where the air pressure is lower than that of the surrounding regions, often associated with wet weather conditions.

Predominant Natural Vegetation

The most common type of wild plants growing in a particular region without human intervention.

Climate

The average weather conditions of a region over a long period, typically including temperature, precipitation, humidity, and seasons.

Terrestrial Biomes

Large regions on Earth, characterized by specific climate conditions, plant communities, and wildlife, such as forests, deserts, and grasslands.