| 2007 Luxury Auto Depreciation Limits for 2007
Annual Auto Depreciation Allowance for 2007
The good news is that the IRS has increased the annual depreciation rates for 2007 as follows:
2007
Year 1 $3,060 (From $2,960 in 2006)
Year 2 $4,900(From $4,800 in 2006)
Year 3 $2,850(From $2,850 in 2006)
Year 4 & thereafter $1,775 (No Change)
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