If Depreciable Property Is Passed by Death, Any Depreciation Recapture

question 62

True/False

If depreciable property is passed by death, any depreciation recapture potential carries over to the heir.

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Definitions:

Intermediaries

Businesses or individuals that act as a link in the distribution process between producers and consumers, such as wholesalers or retailers.

Functions

Specific activities or tasks performed by individuals, systems, or machines within an organization to achieve certain objectives.

Reverse Logistics

The process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal, including returns management and recycling.

Hewlett-Packard

An American multinational information technology company known for its wide range of hardware components as well as software and related services.