The Section 179 Expense Deduction Is a Schedule K Item

question 44

True/False

The Section 179 expense deduction is a Schedule K item on the Form 1120S.

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Definitions:

Fixed Asset Turnover

A financial ratio that measures a company’s ability to generate sales from its fixed-asset investments - such as property, plant, and equipment.

Current Ratio

A financial ratio assessing a firm's capacity to fulfill its short-term liabilities using its current assets.

Short-Term Liquidity

An indicator of a company's ability to meet its short-term financial obligations using assets that can be quickly converted into cash.

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term obligations with its most liquid assets.