Property Expensed Under the §179 Immediate Expensing Election Is Not

question 56

True/False

Property expensed under the §179 immediate expensing election is not included in the 40 percent test to determine whether the mid-quarter convention must be used.

---

Definitions:

Reminder Of Position

A statement or notification designed to prompt or inform individuals of their role, status, or stance within a particular context or situation.

Routine Request

A standard or common request made in a professional or organizational context, often following established procedures.

Middle Paragraph

The central section of a piece of writing, typically providing supporting information or arguments.

Time Frames

Specific periods during which certain actions are to be completed or conditions are to exist.