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Due to the Ceiling on the Amount of First-Year Expensing

Question 46

Multiple Choice

Due to the ceiling on the amount of first-year expensing and depreciation deductions that may be claimed for automobiles, the basis of a car


A) Is fully recovered in less time than is that of a car costing less
B) Is fully recovered in the same amount of time as that of a car costing less
C) Is fully recovered in more time than is that of a car costing less
D) Is never fully recovered

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