Conant Company Purchased Only One Item of Tangible Personalty in 2015

question 82

True/False

Conant Company purchased only one item of tangible personalty in 2015. The cost of the item was $209,700. Conant can elect to expense $25,000 of this cost.

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Definitions:

Infundibulum

The funnel-like end of the uterine tube near an ovary. It catches the secondary oocyte as it leaves the ovary.

Vestibular Glands

Glands located near the vaginal opening that provide lubrication, also known as Bartholin's glands.

Bulbourethral Gland

A small gland in males that produces a fluid to lubricate and neutralize the acidity of the urethra prior to ejaculation.

Prostate Gland

A gland in the male reproductive system that surrounds part of the urethra and produces a fluid that forms part of semen.