Luxury Car Limitations
Luxury car purchased for $
Placed in service on January
No Section or Bonus Depreciation
year MACRS depreciation
Calculate the depreciation deduction for Year taking into account the luxury car limitations
Comparing Depreciation Methods over Time
Car purchased for $
Placed in service on August
Section Expense elected: $
Eligible for Bonus Depreciation
Calculate the depreciation deductions for Year AND Year under the following scenarios:
Scenario A: Bonus Depreciation taken
Scenario B: B
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