To Qualify for the Immediate Expensing Election Under Section 179

question 55

True/False

To qualify for the immediate expensing election under Section 179, eligible property must generally be tangible real property used in a trade or business and be eligible for MACRS.

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Definitions:

Additive Mix

A process of color mixing where the combination of various colors of light results in a brighter light.

Trichromat

An individual who has full color vision, resulting from the normal functioning of all three types of cone cells in the retina, enabling the perception of all colors.

Color Spectrum

The range of all possible frequencies of electromagnetic radiation, visible to the human eye as different colors.

See Colors

The perceptual experience of different wavelengths of light, interpreted by the visual system as colors.