For Personal Property Placed in Service in 2018, the §

question 30

True/False

For personal property placed in service in 2018, the § 179 maximum deduction is limited to $1,000,000.

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Definitions:

Gerald Ford

The 38th President of the United States (1974-1977) who ascended to the presidency following the resignation of Richard Nixon, becoming the only president never elected to the presidency or vice-presidency.

Pardon

The act of forgiving someone for their mistakes or crimes, often granted by a figure of authority.

Voting Rights Act

A landmark piece of federal legislation in the United States that was signed into law in 1965 to eliminate legal barriers at the state and local levels that prevented African Americans from exercising their right to vote.

Veto

The constitutional right to reject a decision or proposal made by a law-making body. It is often used by the president or head of state in many countries.