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  2. Topic
    Business
  3. Study Set
    Individual Taxation
  4. Exam
    Exam 9: Capital Recovery: Depreciation, Amortization, and Depletion
  5. Question
    The Use of MACRS Is Precluded for Property Placed in Service
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The Use of MACRS Is Precluded for Property Placed in Service

Question 3

Question 3

True/False

The use of MACRS is precluded for property placed in service prior to the enactment of either version of MACRS, unless the property is transferred in a transaction where both the owner and the user change.

Correct Answer:

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