Tax Drill - Limitations on Listed Property Indicate whether the following statements are "True" or "False" regarding listed property special exceptions under MACRS. a. For listed property to be considered as predominantly used in business, its business usage must exceed 80 percent. b. Listed property includes any computer or peripheral equipment, with the exception of equipment used exclusively at a regular business establishment, including a qualifying home office. c. The use of listed property for production of income does qualify as business use for purposes of the more-than-50 percent test. d. In determining the percentage of business usage for listed property, a mileage-based percentage is used for automobiles. e. The law places special limitations on cost recovery deductions for passenger automobiles (any four-wheeled vehicle manufactured for use on public streets, roads, and highways with an unloaded gross vehicle weight rating of 6,000 pounds or less.) f. The luxury auto limits are imposed before any percentage reduction for personal use