Under MACRS,tangible Personal Property Used in Trade or Business Purchased

question 26

True/False

Under MACRS,tangible personal property used in trade or business purchased and placed into service on March 1,2014 should be depreciated for 10 months in 2014.Assume the business uses a calendar tax year.

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Definitions:

Business Functions

The variety of activities carried out within a business organization to achieve its objectives, such as marketing, finance, operations, and human resources.

Democratic Leadership

Management approach whereby leaders delegate assignments, ask employees for suggestions, and encourage their participation.

Empowerment

The process of giving individuals or groups the power, authority, and confidence to control their own lives and make decisions.

Free-Rein Leader

A leadership style where employees are given significant autonomy and decision-making power, with minimal direct supervision.