Which of the Following Statements Related to the Section 179

question 36

Multiple Choice

Which of the following statements related to the Section 179 election to expense is (are) true?
I.A Section 179 deduction can be claimed on tangible personal property
II.A Section 179 deduction can be claimed on property held for the production of income.
III.A Section 179 deduction can be claimed on real property.
IV.A Section 179 deduction is allowed only for assets used in trade or business.
​

• A)Only statement I is true.
• B)Only statements I and II are true.
• C)Only statements I, II, and III are true.
• D)Only statements I and IV are true.
• E)All of the statements are true.

Identify the factors that influence interpersonal attraction and friendship formation.

Recognize the impact of physical attractiveness on social perception and behavior.

Explain the propinquity effect and how proximity influences relationship formation.

Understand the concept of social allergy effect and its implications in relationships.

---

Definitions:

Axis IV

A classification used in previous versions of the Diagnostic and Statistical Manual of Mental Disorders (DSM) to identify psychosocial and environmental problems relevant to the diagnosis, treatment, and prognosis of disorders.

Personality Disorder

A type of mental disorder marked by rigid and unhealthy patterns of thinking, functioning, and behaving, which significantly impair social, work, and interpersonal functioning.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple life areas and/or cause significant distress for the person experiencing them.

DSM-IV

The fourth version of the Diagnostic and Statistical Manual of Mental Disorders serves as a reference for identifying mental health conditions.