Once the More-Than-50% Business Usage Test Is Passed for Listed

question 96

True/False

Once the more-than-50% business usage test is passed for listed property, it does matter if the business usage for the property drops to 50% or less during the recovery period.

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Definitions:

Chronological Age

The amount of time that has elapsed since an individual's birth, typically measured in years, months, and days.

Mental Age

A measure of an individual's mental aptitude based on the average abilities of a certain age group.

Chronological Age

The actual age of a person or object, measured in years from the date of birth or creation.

Alfred Binet

A French psychologist who, with his colleague Théodore Simon, developed the first practical intelligence test in the early 20th century.