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Politics : PRESIDENT GEORGE W. BUSH
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To: Bill who wrote (523970)1/15/2004 8:19:02 AM
From: redfish  Read Replies (1) of 769670
 
Basically you can elect to expense rather than depreciate the cost of the car up to $50,000.00. The truck has to exceed a given weight, I forget which but only the biggest SUVs qualify.

You can only expense it to the extent it is used for business, rather than personal, use. Commuting is personal use.
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