All of the Following Are True with Regard to the Alternative

question 565

Multiple Choice

All of the following are true with regard to the alternative depreciation system except

• A) the ADS election is available to real property on a property- by- property basis.
• B) the ADS election is available to personal property on a property- by- property basis.
• C) once the ADS election is made for specified property, it is irrevocable.
• D) the principal type of property for which ADS is required is any tangible property which is used predominantly outside of the United States.

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Definitions:

Buffer

A protective barrier or amount of leeway that allows for the absorption of shocks, errors, or unforeseen circumstances in various contexts.

Identifies

The action of recognizing and naming someone or something as being a particular person or thing.

Third Person

A point of view in writing or storytelling where the narrator refers to all characters with third-person pronouns such as "he," "she," "it," or "they."

Second Person

A narrative perspective using "you," which directly addresses the reader or audience in a piece of writing or speech.