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Rules for claiming deductions for business vehicles

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Reference no: EM13805757

"Depreciation, Cost Recovery, and Depletion" Please respond to the following:

Imagine that your client is leasing business vehicles. Examine the rules for claiming deductions for business vehicles. Next, recommend one method of cost-recovery deductions that would result in the largest tax deduction for your client. Support your recommendation.

Imagine that your client owns a company that drills for oil and natural gas. Assess the appropriateness of the depletion methods available to your client, and recommmend the method that produces the greatest tax benefit. Provide a rationale for your response.

Reference no: EM13805757

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