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A client placed three new business assets into service in 2018. The client has high taxable income and would like to maximize the deduction by using bonus depreciation. All of the following assets will qualify for bonus depreciation except
Anticipatory Breach
Occurs when one party to a contract indicates they will not fulfill their contractual obligations before the due time.
Legal Position
The stance or argument taken by a party in a legal proceeding that is grounded on laws, regulations, or legal principles.
Anticipatory Breach
A situation in contract law where one party shows intent not to fulfill their contractual obligations before the due performance.
Third Party
An individual or group aside from the two primarily involved in a situation, often providing services, intervening, or affected by the actions of the main parties.
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