Which of the Following Statements Regarding Sec

question 62

Multiple Choice

Which of the following statements regarding Sec.179 is true?

• A)If a taxpayer places in service property costing more than the Sec.179 ceiling on the amount of property placed in service,the excess can be carried over to subsequent years.
• B)Amounts of the Sec.179 election in excess of the taxable income limitation are carried forward.
• C)Sec.179 carryforwards expire after five years.
• D)All of the above statements are true.

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Definitions:

Transit Advertising

Advertising placed in or on modes of public transportation or in public transportation areas, targeting consumers while they are on the move.

Mass Transit

Public transportation systems designed to move large numbers of people efficiently across cities or regions, such as buses, trains, and subways.

Flighting Schedule

A media buying strategy in advertising that alternates between periods of advertising activity and periods of no advertising, to optimize reach and frequency against a target audience.