Off-The-Shelf Computer Software That Is Purchased for Use in the Taxpayer's

question 85

True/False

Off-the-shelf computer software that is purchased for use in the taxpayer's trade or business is amortized over 36 months,or it can be immediately expensed under a Sec.179 election.

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Definitions:

Enbridge Gas

A major North American energy infrastructure company specializing in the transportation, distribution, and storage of natural gas.

Employee Turnover

Refers to the rate at which employees leave a company and are replaced by new ones over a specific period.

Client Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectations.

Informal Feedback

The casual and spontaneous comments about performance, often given in day-to-day interactions, not part of a structured evaluation.