Solved

If the Business Usage of Listed Property Is Less Than

Question 88

Multiple Choice

If the business usage of listed property is less than or equal to 50% of its total usage,depreciation is calculated using the

A) regular MACRS tables.
B) alternative depreciation system.
C) regular MACRS tables and a mid-month convention.
D) It may not be depreciated.

Related Questions

Q78: In April of 2018,Brandon acquired equipment which

Q79: With respect to options to accelerate depreciation

Q80: The basis of an asset must be

Q81: Paul bought a computer for $15,000 for

Q82: Section 179 allows taxpayers to immediately expense

Q83: If personal-use property is converted to trade

Q84: If a new luxury automobile is used

Q85: Off-the-shelf computer software that is purchased for

Q86: On November 3rd of this year,Kerry acquired

Q87: The straight-line method may be elected for