When a taxpayer with average annual gross receipts in excess of $25 million finances the construction of its building by borrowing, the interest is added to the cost of the building.
Answer the following statement true (T) or false (F)
True
Rationale: The interest becomes part of the basis of the building. The building's basis is depreciated under MACRS. If the taxpayer were instead a small taxpayer, it would be excepted from the interest capitalization rule and all of § 263A.
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One way a party may perfect a security interest is by filing a statement of notice with a state government.
Answer the following statement true (T) or false (F)
All of the following are forms of video game advertising, except:
A) in-game advertisements B) promogames C) rotating in-game advertising D) interactive ads
Suppliers enjoy bargaining power when their products or services carry low switching costs
Indicate whether the statement is true or false
Which of the following is not an example of external leadership?
a. A manager setting the goals for the next quarter b. A manager working with an employee to set goals for the next quarter c. A manager setting the time periods for which work will be done d. A manager setting the work schedule