IRS issues 2013 automobile depreciation limitations

02/25/2013 | JournalofAccountancy.com

The Internal Revenue Service on Monday released the 2013 inflation-adjusted depreciation limits and lease income inclusion amounts for passenger automobiles, trucks and vans. The 2013 tables include amounts for vehicles placed in service in 2013 for which bonus depreciation applies as well as limits for those for which bonus depreciation does not apply.

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