Software Purchased in 2015 Is Eligible for

question 20

Multiple Choice

Software purchased in 2015 is eligible for

• A)MACRS depreciation only
• B)straight-line amortization only
• C)Section 179 expensing and bonus depreciation
• D)Section 179 expensing but not bonus depreciation

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Definitions:

Bivalves

Bivalves are a class of marine and freshwater mollusks that have bodies enclosed by a shell consisting of two hinged parts.

Muscular Foot

A muscular structure found in many mollusks used for movement and anchoring.

Gastropods

A class of mollusks that includes snails and slugs, characterized by their univalve shell (in snails) and distinctive crawling locomotion.

Hinged Shell

A shell structure composed of two parts connected by a flexible hinge, allowing the shell to open and close, commonly seen in bivalves like clams and oysters.