MACRS depreciation on an SUV weighing over 6,000 pounds is limited to $3,160 for the first year placed in service.

Name: MACRS depreciation on an SUV weighing over 6,000 pounds is limited to $3,160 for the first year placed in service.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

The MACRS depreciation limit for an SUV over 6,000 pounds is not restricted to $3,160; this limit applies to passenger vehicles under 6,000 pounds. For heavier vehicles, different rules apply, allowing for greater depreciation.

MACRS Depreciation on an SUV Weighing Over 6,000 Pounds Is