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:

Binary Classifications

A system that divides objects, concepts, or people into two distinct and mutually exclusive groups.

Gender Norms

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

First Grade

The initial grade of primary education in many educational systems, following kindergarten and before second grade, typically involving students aged six to seven.

Sophomore Year

The second year of a student's journey in high school or college, following the freshman year and preceding the junior year.