Section 179 Allows a Business, with Certain Restrictions, to Do

question 20

Multiple Choice

Section 179 allows a business, with certain restrictions, to do which of the following?

• A) Offset the tax liability with the cost of the asset in the year of purchase.
• B) Expense the asset immediately in the year of purchase.
• C) Expense the asset using double declining balance depreciation during the life of the asset.
• D) Get a government grant to purchase the asset.

---

Definitions:

Slippery Slope

A logical fallacy or argument that suggests taking a minor action will lead to major and increasingly negative consequences, without sufficient evidence for those outcomes.

Police Corruption

Unethical or criminal acts conducted by police officers, often for personal gain or to further the interests of the police force at the expense of public trust.

Small Amounts

Quantities that are less than average or usual, often considered minimal or insignificant in size.

Citizen Review

A process or board which allows members of the community to participate in overseeing and reviewing the actions and operations of local police or other governmental bodies.