Property Expensed Under the §179 Immediate Expensing Election Is Not

question 74

True/False

Property expensed under the §179 immediate expensing election is not included in the 40 percent test to determine whether the mid-quarter convention must be used.

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Definitions:

Market Share

The fraction of a market occupied by an individual company or product, often described by its percentage of aggregate sales in the market.

Herfindahl Index

A measure of market concentration used to determine the amount of competition among firms within an industry.

Market Shares

The share of sales within an industry attributed to a certain company.

Herfindahl Index

An indicator used to measure the size of firms in relation to the industry and an index of market concentration.