Conant Company Purchased Only One Item of Tangible Personalty in 2020

question 92

True/False

Conant Company purchased only one item of tangible personalty in 2020. The cost of the item was $2,689,700. Conant can elect to expense $1,040,000 of this cost.

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Definitions:

Dependent Clause

A group of words that contains a subject and a verb but does not express a complete thought and cannot stand alone as a sentence.

Emphasize

To give special importance or prominence to something in speech or writing.

Simple Sentence

A sentence structure consisting of only one independent clause that has a subject and a predicate.

Numerals

Symbols or characters used to represent numbers.