Conant Company Purchased Only One Item of Tangible Personalty in 2018

question 4

True/False

Conant Company purchased only one item of tangible personalty in 2018. The cost of the item was $2,539,700. Conant can elect to expense $1,000,000 of this cost. 

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Definitions:

-Penia

A suffix meaning deficiency or lack of something, commonly used in medical terminology, such as leukopenia (deficiency of white cells in the blood).

Cost/o

A prefix in medical terms related to ribs.

Crani/o

A prefix relating to the skull.

Arthrocentesis

A medical procedure involving the puncture of a joint space with a needle to remove synovial fluid for diagnostic or therapeutic purposes.