For Corporations, §291 Recaptures 20 Percent of the Lesser of Depreciation

question 89

True/False

For corporations, §291 recaptures 20 percent of the lesser of depreciation taken or the realized gain as ordinary income.

---

Definitions:

Vagina

A muscular tube leading from the external genitals to the cervix of the uterus in women and most female mammals.

Residual

Pertaining to that which is left as a residue.

Bladder

A muscular sac in the pelvis, in which urine is stored before disposal by urination.

Voided

Emptied or evacuated, often used in medical contexts to refer to the expulsion of waste fluid from the body.