Significant limits are placed on the depreciation of luxury automobiles.

Name: Significant limits are placed on the depreciation of luxury automobiles.
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The IRS places limits on the depreciation of luxury automobiles in order to prevent businesses from claiming excessive deductions on expensive vehicles. These limits are designed to reflect the fact that luxury vehicles typically have a longer useful life and retain their value better than other types of vehicles.

Significant Limits Are Placed on the Depreciation of Luxury Automobiles