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“Heavy” Trucks and Vans Continue to Qualify for Fast Cost Recovery
Passenger autos used primarily for business (i.e., greater than 50 percent) are subject to significant federal depreciation limitations, e.g., $3,160 for passenger...
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Tax Savings Still Available for “Heavy” Trucks and Vans
As you know, unfavorable depreciation rules apply to most passenger autos and light trucks used in business. For a vehicle acquired in...