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Depreciation Ceilings for Luxury Autos in US

edited Feb 15, 2011 6:37AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered
 As per US Federal Law, for Luxury Autos we need to setup Depreciation Ceilings.

Business has provided us with a table which list the Depreciation Ceilings for Luxury Autos. For Assets placed in sevice in Year 2000, the Depreciation ceiling is provided for 20 years. same for those placed in 2001 etc.

Depreciation Ceiling for Luxury AutosYears
Tax Books1234567891011121314151617181920
Date Placed In ServiceDESCRIPTIONDEPR_LIMIT_01DEPR_LIMIT_02DEPR_LIMIT_03DEPR_LIMIT_04DEPR_LIMIT_05DEPR_LIMIT_06DEPR_LIMIT_07DEPR_LIMIT_08DEPR_LIMIT_09DEPR_LIMIT_10DEPR_LIMIT_11DEPR_LIMIT_12DEPR_LIMIT_13DEPR_LIMIT_14DEPR_LIMIT_15DEPR_LIMIT_16DEPR_LIMIT_17DEPR_LIMIT_18DEPR_LIMIT_19

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