All Personal Property Placed in Service in 2013 and Used

question 93

True/False

All personal property placed in service in 2013 and used in a trade or business qualifies for additional first-year depreciation.

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Definitions:

Birth-designated Sex

The sex assigned to an individual at birth, typically based on physical anatomy observed, such as male or female.

Transgender

Identifying as a gender that does not match the sex assigned at birth.

Testosterone

A steroid hormone primarily produced in male testes and female ovaries, critical for the development of male physical characteristics and reproductive functions.

Sexual Arousal

A physiological and psychological state of being awake or stimulated to a point of heightened sexual receptivity and desire.