Examlex
Audra acquires the following new five-year class property in 2017:
Audra elects § 179 treatment for Asset C. Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction. Audra claims the full available additional first-year depreciation deduction. Determine her total cost recovery deduction (including the § 179 deduction) for the year.
Leaking Air Hose
A condition where an air hose has developed breaches, resulting in the unintended escape of air, potentially affecting the performance of pneumatic systems.
COE Truck Chassis
A type of truck design where the cab is situated over the engine, offering better visibility and maneuverability.
Gear Shift Lever
The component in a vehicle that the driver uses to select gears manually in a transmission system.
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