I disagree with your statement here:
see this link for depreciation limits. they depend on type of vehicle and its cost. some vehicles are Luxury vehicles (cost $69K or more in 2023) otherwise they are not).
https://www.irs.gov/pub/irs-drop/rp-23-14.pdf -luxury limits
Isn't this for leased cars? The table says leased cars. This should not apply if its fully paid in cash?
Is what am I saying correct?
