All Taxpayers May Use the §179 Immediate Expensing Election on Certain

question 70

True/False

All taxpayers may use the §179 immediate expensing election on certain property.

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Definitions:

Social Cost

The total cost to society as a whole from an event, activity, or policy, including both direct and indirect costs.

Social Distribution

The manner in which societal resources, opportunities, and burdens are spread across different groups and individuals.

Environmental Risk

Environmental risk involves the potential negative effects on the natural environment and human health due to pollution, natural disasters, climate change, and other environmental factors.

Acid Rain

Rainfall made sufficiently acidic by atmospheric pollution that it causes environmental harm, typically to forests and lakes.