Which of the Following Changes Are True of the Tax

question 20

Multiple Choice

Which of the following changes are true of the Tax Cut and Jobs Act (TCJA) of 2017?

• A) Businesses are allowed to immediately deduct 100% of the cost of eligible property in the year it is placed into service through 2022.
• B) Allowable bonus depreciations will phase down over four years.
• C) Both A and B are true.
• D) None of the above are true.

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Definitions:

Hydrogen Research

The study and development of technologies and methodologies aimed at harnessing hydrogen as an energy source, including production, storage, and usage techniques.

Sustainable Developers

Professionals or organizations that focus on creating projects and solutions that meet present needs without compromising the ability of future generations to meet their own needs.

Automobile Manufacturers

Companies engaged in designing, developing, manufacturing, marketing, and selling motor vehicles.