Off-The-Shelf Computer Software That Is Purchased for Use in the Taxpayer's

question 85

True/False

Off-the-shelf computer software that is purchased for use in the taxpayer's trade or business is amortized over 36 months,or it can be immediately expensed under a Sec.179 election.

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Definitions:

Transitivity

The concept in decision theory and economics that if preference or choice A is preferred to B, and B is preferred to C, then A must be preferred to C.

Marginal Rate

The additional cost or benefit associated with a small unit change in a variable or activity.

Indifference Curve

A graph representing combinations of two goods that provide the consumer with the same level of satisfaction, illustrating preferences.

Constant

A value that does not change in mathematical expressions or economic models, acting as a fixed point of reference.