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If the Cost of a Building Constructed and Placed into Service

question 100

True/False

If the cost of a building constructed and placed into service by an eligible small business in the current year includes the cost of a wheelchair ramp, the cost of the ramp qualifies for the disabled access credit.


Definitions:

Information Technology

The employment of computers, storage systems, network components, and other tangible resources, along with various procedures, to generate, process, maintain, safeguard, and share any type of digital data.

Innovation

The act of introducing something new or improving an existing product, service, or process.

Entrepreneurship Major

An academic program focusing on teaching students how to start, manage, and grow their own businesses, including lessons on innovation, business planning, and risk-taking.

Self-Starters

Individuals who begin or carry out tasks without needing external encouragement or pressure, showing initiative and motivation.

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