Discussion Question 8-14 (LO.4) Complete the statements below that outline how the limits on cost recovery apply to listed property. If the listed property is predominantly used for business, the taxpayer is allowed to use the to recover the cost. In cases where the property is not predominantly used for business, the cost is recovered in the Furthermore, use of listed property for production of income qualify as business usef straight-line method test. If the listed property is an automobile, the cost recovery the cost recov statutory percentage method Discussion Question 8-14 (LO. 4) Complete the statements below that outline how the limits on cost recovery apply to listed property. If the listed property is predominantly used for business, the taxpayer is allowed to use the to recover the cost. In cases where the property is not predominantly used for business, the cost is recovered using the Furthermore, use of listed property for production of income qualify as business use for purpocec of the test. If the listed property is an automobile, the cost recovery the cost recovery li straight-line method statutory percentage method Discussion Question 8-14 (LO. 4) Complete the statements below that outline how the limits on cost recovery apply to listed property. If the listed property is predominantly used for business, the taxpayer is allowed to use the cases where the property is not predominantly used for business, the cost is recovered using the listed property for production of income qualify as business use for purposes of the listed property is an automobile, the cost recovery the cost recovery limitations. does to recover the cost. In Furthermore, use of test. If the does not Discussion Question 8-14 (LO.4) Complete the statements below that outline how the limits on cost recovery apply to listed property. If the listed property is predominantly used for business, the taxpayer is allowed to use the to recover the cost. In cases where the property is not predominantly used for business, the cost is recovered using the Furthermore, use of listed property for production of income qualify as business use for purposes of the test. If the listed property is an automobile, the cost recovery the cost recovery limitations. more-than-80 percent more-than-50 percent Discussion Question 8-14 (LO.4) Complete the statements below that outline how the limits on cost recovery apply to listed property. If the listed property is predominantly used for business, the taxpayer is allowed to use the cases where the property is not predominantly used for business, the cost is recovered using the listed property for production of income qualify as business use for purposes of the listed property is an automobile, the cost recovery the cost recovery limitations. to recover the cost. In . Furthermore, use of test. If the is not affected by is further limited by