If a new car that is used predominantly in business is placed in service in 2014,the statutory dollar cost recovery limit under § 280F will depend on whether the taxpayer takes MACRS or straightline depreciation.

Question

If a new car that is used predominantly in business is placed in service in 2014,the statutory dollar cost recovery limit under § 280F will depend on whether the taxpayer takes MACRS or straight­line depreciation.

Quizplus · Accepted Answer

The statutory cost recovery limits apply regardless of whether MACRS or straight-line apply.

If a New Car That Is Used Predominantly in Business