If a new luxury automobile is used 100% for business and placed in service in 2016,the maximum MACRS depreciation on the vehicle for 2017 is $11,160.

Name: If a new luxury automobile is used 100% for business and placed in service in 2016,the maximum MACRS depreciation on the vehicle for 2017 is $11,160.
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Quizplus · Accepted Answer

Listed property has additional requirements due to the potentially personal-use nature of the property.Bonus depreciation allows the first year amount to be increased from $3,160 to $11,160.

If a New Luxury Automobile Is Used 100% for Business