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Once the Actual Cost Method Is Used, a Taxpayer Cannot

question 46

True/False

Once the actual cost method is used, a taxpayer cannot change to the automatic mileage method in a later year.


Definitions:

Platelet

A small, disk-shaped cell fragment in the blood that helps in blood clotting by clumping and forming plugs in blood vessel injuries.

Mast Cell

A type of white blood cell found in connective tissue, playing a key role in allergic reactions and inflammation by releasing histamine and other chemicals.

Connective Tissue

A type of body tissue that supports, connects, or separates different types of tissues and organs in the body.

Basophil

A type of white blood cell involved in inflammatory responses and allergic reactions.

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