Once the More-Than-50% Business Usage Test Is Passed for Listed

question 96

True/False

Once the more-than-50% business usage test is passed for listed property, it does matter if the business usage for the property drops to 50% or less during the recovery period.

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Definitions:

Battle of Valmy

A significant battle during the French Revolutionary Wars, fought in 1792, which marked the first major victory of the French revolutionary army over the invading Prussian and Austrian forces.

Prussian

Pertaining to Prussia, a historically significant state in Europe, known for its powerful military and influential role in German and European affairs.

Austrian Armies

Refers to the military forces of Austria, historically significant for their roles in various European conflicts.

Revolutionary

A term referring to a dramatic and wide-reaching change in conditions, attitudes, or operation, especially in social and political contexts.