The luxury auto limits on depreciation must be reduced if business use is less than 100%.
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Q11: Fines paid that are ordinary and necessary
Q12: Once the more-than-50% business-use test is met
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Q15: Under MACRS,the half-year convention is used for
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Q18: For an expense to be ordinary,it must
Q19: Depreciation is allowed for every tangible asset
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