Question 1
A large SUV is place in service in 2016. MACRS depreciation on an SUV weighing over 6,000 pounds is limited to $11,160 for the first year placed in service.
◦ true
◦ false
Question 2
Any Section 179 deduction that is not allowed currently due to the taxable income limitation may be carried over and deducted in future years.
◦ true
◦ false