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    saba999's Avatar
    saba999 Posts: 29, Reputation: 1
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    #1

    May 16, 2013, 12:31 PM
    Macrs
    When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation...

    a. may be taken by extending the MACRS recovery period for one extra year.

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

    My answer is A, is this correct?
    lgiarrusso's Avatar
    lgiarrusso Posts: 2, Reputation: 1
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    #2

    Oct 30, 2013, 12:48 PM
    When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation...
    lgiarrusso's Avatar
    lgiarrusso Posts: 2, Reputation: 1
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    #3

    Oct 30, 2013, 12:50 PM
    Quote Originally Posted by lgiarrusso View Post
    When MACRS, Table 1 depreciation for an auto or light SUV, pickup or van is in excess of annual IRS limits the excess depreciation...
    Answer: May be taken by extending the MACRS recovery period by a year?
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