Off-The-Shelf Computer Software That Is Purchased for Use in the Taxpayer's

question 85

True/False

Off-the-shelf computer software that is purchased for use in the taxpayer's trade or business is amortized over 36 months,or it can be immediately expensed under a Sec.179 election.

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Definitions:

Transition

The process or period of changing from one state or condition to another in various contexts, such as career, life stages, or technology.

Topic Sentence

A sentence that expresses the main idea of the paragraph in which it occurs, serving as a summary for its content.

Jargon

Specialized language used by a particular group or profession that may be difficult for others to understand.

Unity

The state of being united or joined as a whole, often used in the context of teamwork, solidarity, or a consistent design principle.