Which of the Following Assets Are Eligible for §179 Expensing

question 102

Multiple Choice

Which of the following assets are eligible for §179 expensing?

• A) Used office machinery
• B) Qualified leasehold improvements
• C) A new delivery truck
• D) Used office furniture
• E) All of these

---

Definitions:

Product Differences

Variations among products that make one product distinct from another in the eyes of consumers, often used as a competitive advantage.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically sloping downwards from left to right.

McDonaldization

McDonaldization refers to the process by which the principles of the fast-food industry, including efficiency, calculability, predictability, and control, have come to dominate other sectors of society, economy, and culture.

Monopolistic Competitor

A firm operating in a market structure characterized by many sellers offering differentiated products, which are similar but not perfect substitutes.