This is very much in evidence if you know e.g. any Japanese CEOs. Our CEO (old day job) was bragging at a meeting one day about the $X00,000 car he drove, and then said "Remember, I work for a living, that's the company's car." It will continue being the company's car for the duration of his tenure with the company, and after he is CEO emeritus and on an advisor-to-the-board position he will naturally be given a new company car, and ...
It also gets straight-line depreciated at, probably, 95 ~ 100% business use.
(This is considered standard business practice here, in the same manner that an American businessman expensing a WSJ subscription would be totally-inconceivable-to-challenge standard business practice. When I bring in my income tax return in March I'm probably going to get chided again by the tax office for "forgetting" so many of my deductions.)
It also gets straight-line depreciated at, probably, 95 ~ 100% business use.
(This is considered standard business practice here, in the same manner that an American businessman expensing a WSJ subscription would be totally-inconceivable-to-challenge standard business practice. When I bring in my income tax return in March I'm probably going to get chided again by the tax office for "forgetting" so many of my deductions.)