Once the Business Use of Listed Property Falls to 50

question 24

True/False

Once the business use of listed property falls to 50% or below,the alternative depreciation system must be used for the current year and all subsequent years,even if the business use percentage increases to more than 50% in a subsequent year.

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Definitions:

Annual Profits

The net earnings of a company over a one-year period after all expenses have been deducted from its total revenue.

Distribution

In statistics, the way in which values of a variable or a set of variables spread out across a data set or population.

Government Workers

Individuals employed by federal, state, local, or international government agencies.

Weekly Salaries

The amount of money earned by an employee for work performed over the course of a week.