Property that is classified as personalty may be depreciated.
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Q8: For personal property placed in service in
Q9: Motel buildings have a cost recovery period
Q10: The § 179 deduction can exceed $1,020,000
Q11: Land improvements are generally not eligible for
Q12: Any § 179 expense amount that is
Q14: The cost recovery period for three-year class
Q15: The luxury auto cost recovery limits applies
Q16: The basis of cost recovery property must
Q17: New and used personal property placed in
Q18: Taxpayers may elect to use the straight-line
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