A client placed three new business assets into service in 2018. The client has high taxable income and would like to maximize the deduction by using bonus depreciation. All of the following assets will qualify for bonus depreciation except
A) manufacturing equipment.
B) computer software.
C) a garage for the service vans.
D) All of the assets qualify for bonus depreciation.
C) a garage for the service vans.
Real estate does not generally qualify for bonus depreciation.
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When pledging accounts receivable
A. title to the receivables reverts to the lender. B. the pledges are usually made with recourse. C. the pledge arrangements become the new valuation methodology entered in the accounting records. D. collection responsibility reverts to the lender.
Job openings in the hidden job market are primarily filled through:
A. word-of-mouth contacts. B. newspaper advertisements. C. journal announcements. D. television advertisements.
In order for the tort of outrage to occur, all states require that the victim incur both physical and
mental injury. Indicate whether the statement is true or false
The Asian Currency crisis appeared to begin in:
A) South Korea. B) Taiwan. C) Thailand. D) Japan.