Costs of Tangible Personal Business Property Which Are Expensed Under

question 94

True/False

Costs of tangible personal business property which are expensed under Sec.179 are subject to recapture if the property is converted to nonbusiness use before the end of the MACRS recovery period.

---

Definitions:

Self-actualized

A term used in psychology to describe a person who has reached their fullest potential, as per Abraham Maslow's hierarchy of needs.

Maslow

Refers to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Androgynous

Exhibiting both masculine and feminine characteristics, or having an ambiguous sexual identity.

Extraverted

A personality trait characterized by outgoingness, sociability, and a high level of activity and engagement with the external world.