If the business use of listed property is 50% or less of the total usage, the alternative depreciation system must be used.
Answer the following statement true (T) or false (F)
True
Business use of listed property must exceed 50% to enjoy the more accelerated depreciation provisions.
You might also like to view...
What should a presenter do before giving the actual presentation?
What will be an ideal response?
Analysis of the external environment of an organization identifies the organization's ________
A) strengths and weaknesses B) strengths and opportunities C) opportunities and threats D) weaknesses and threats E) strengths and threats
The balance in Premium on Bonds Payable
A) should be reported on the balance sheet as a deduction from the related bonds payable B) should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method C) would be added to the related bonds payable on the balance sheet D) should be reported in the paid-in capital section of the balance sheet
A person who displays organizational citizenship behavior will step outside his or her job description to get work accomplished
Indicate whether the statement is true or false.