Which of the Following Is Not Considered Eligible Property for Limited

question 11

Multiple Choice

Which of the following is not considered eligible property for limited expensing under § 179?

• A)Automobile used by a salesman
• B)Warehouse purchased by XYZ Corporation to store inventory
• C)Computer used by Nick Knight to do the accounting for his video tape rental business
• D)Equipment used by Serendipity Tea Company in its operations
• E)All of the above are eligible.

---

Definitions:

England

A country that is part of the United Kingdom, located on the island of Great Britain, known for its rich history, cultural heritage, and major contributions to arts, science, and democracy.

Encomienda

A labor system in Spanish America giving settlers the right to tax local Indigenous people or to demand their labor in exchange for protecting them and teaching them Christianity.