Software Purchased in 2017 Is Eligible for

question 7

Multiple Choice

Software purchased in 2017 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

---

Definitions:

ADR Contract Clause

A provision in a contract that requires the parties to resolve disputes through Alternative Dispute Resolution methods, such as arbitration, instead of court litigation.

Litigation

The process of taking legal action or bringing a lawsuit in a court of law to resolve a dispute.

ADR Procedures

Alternative Dispute Resolution methods, which include mediation and arbitration, aimed at resolving disputes without litigation.

Settlement Week

An ADR technique in which the court clears its docket of all business except settlement hearings.