The Section 179 Election Promotes Which of the Following Tax

Multiple Choice

The Section 179 election promotes which of the following tax concept(s) or doctrine(s) ?
I.Claim of Right Doctrine.
II.Administrative Convenience Concept.
III.Tax benefit rule.
IV.Substance-Over-Form Doctrine.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Statements I, II, and IV are correct.
D) Statements II and IV are correct.
E) Statements I, II, III, and IV are correct.