New and Used Personal Property Placed in Service in 2019

question 99

True/False

New and used personal property placed in service in 2019 and used in a trade or business qualifies for additional first-year depreciation.

---

Definitions:

Formality

The strict adherence to established rules, ceremonies, or situations, often characterized by official or conventional practices.

Informality

The absence of formal structure or etiquette, resulting in a relaxed and casual atmosphere.

Abusive Supervision

A form of workplace mistreatment where a supervisor consistently displays hostility towards subordinates, often through verbal or non-verbal behaviors.

High Power Distance

A cultural dimension that describes how people belonging to a specific culture perceive and handle inequalities in power within their social and organizational structures.