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    Principles of Taxation
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    Exam 7: Property Acquisitions and Cost Recovery Deductions
  5. Question
    If a Business Expenditure Creates or Enhances an Identifiable Asset
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If a Business Expenditure Creates or Enhances an Identifiable Asset

Question 97

Question 97

True/False

If a business expenditure creates or enhances an identifiable asset with a useful life substantially beyond the current year, the expenditure must be capitalized.

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