If the Business Use of Listed Property Decreases to 50

question 19

True/False

If the business use of listed property decreases to 50% or less of the total usage,the property is subject to depreciation recapture.

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Definitions:

Electronic Funds Transfers

Digital transfers of money from one bank account to another either within the same financial institution or across different institutions.

Cash Collections

The process of receiving and managing payments from customers for goods or services provided.

Change Fund

A change fund is a set amount of money, composed of various denominations, used to make change for transactions in business operations.

Cash Register

A mechanical or electronic device for calculating and recording sales transactions, and an attached drawer for storing cash.