Under MACRS,tangible Personal Property Used in Trade or Business Purchased

question 26

True/False

Under MACRS,tangible personal property used in trade or business purchased and placed into service on March 1,2014 should be depreciated for 10 months in 2014.Assume the business uses a calendar tax year.

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Definitions:

Computer Languages

Formal languages comprising a set of instructions that can be used to produce various kinds of output, including software programs, used in computing.

Organisation

A structured group of individuals working together to achieve common goals or objectives.

E-business

Business processes conducted over the internet including buying and selling of goods, services, and the management of digital transactions.

Virtual Space

An online, digital environment where users can interact with each other and with digital objects.