Question: When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation is?

When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation is?

a. is lost permanently

b. may be taken by extending the MACRS recovery period for on extra year.

c. may be taken by extending the MACRS recovery period for as many years as are needed to depreciate the cost basis.

d. may result in the auto being depreciated under GAAP method.

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