Luxury Automobile limitations (Property type A)

Automobiles placed in service between 1/1/2014 – 12/31/2014:

Depreciation Method – MA 200

1st year limit is set to $11,160 (increase of $8,000 bonus)
2nd year limit is set to $5,100
3rd year limit is set to $3,050
4th and succeeding years is $1,875 until the automobile net book value becomes zero.

Depreciation Method MF200 (no […]

Resolution for '1st year limit is set to 11 issue: 'Luxury Automobile limitation for 2014' available: Yes.

The 1st year limit is set to 11 issue or error code is a known related to Sage Accounting products. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the 1st year limit is set to 11 issue yourself by looking for a resolution described in the article. If it is a complex 1st year limit is set to 11 issue or you are unable to solve the issue, you may contact Sage Repair by clicking here or by using other 1st year limit is set to 11 support options.

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