All of the Following Are True with Regard to the Alternative

question 12

Multiple Choice

All of the following are true with regard to the alternative depreciation system except

• A)the principal type of property for which ADS is required is any tangible property which is used predominantly outside of the United States.
• B)the ADS election is available to real property on a property-by-property basis.
• C)the ADS election is available to personal property on a property-by-property basis.
• D)once the ADS election is made for specified property,it is irrevocable.

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Definitions:

Corporate Citizenship

The extent to which businesses are socially responsible for meeting legal, ethical, and economic standards to positively impact society and the environment.

Socially Responsible

A term describing companies or individuals that act in a way that benefits society, often through sustainable practices, ethical behavior, and philanthropy.

Bottom Line

The final profit or loss of a business after all expenses have been deducted from the revenues, also used metaphorically to mean the ultimate outcome.

Social Media

Online platforms that allow users to create, share content, and participate in social networking.