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Ed G
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  • Since the vehicle is a business asset the depreciation will be recaptured when it is sold (the difference between its cost, possibly zero, and the selling price...
    Ed G
    Feb 15, 2020
  • Under the new tax law luxury vehicles >6,000 lbs can be depreciated 100% in the first year. If the vehicle is not used in business in subsequent years but also ...
    Ed G
    1
    Feb 15, 2020
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