SM Application Providers Develop and Operate Their Own Custom,proprietary,social Networking

question 90

True/False

SM application providers develop and operate their own custom,proprietary,social networking application software.

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Definitions:

Final Settlement

The last payment in an agreement, settling all outstanding balances and obligations.

Section 179

A provision in the U.S. tax code that allows businesses to deduct the full purchase price of qualifying equipment and/or software within the tax year it was purchased.

Maximum Deduction

The highest amount that can be subtracted from taxable income, as allowed by tax laws.

Cost Recovery Deduction

A tax deduction that allows a taxpayer to recover the cost of an investment over time through depreciation, amortization, or depletion.