Match Each Statement with the Correct Term Below

question 28

Multiple Choice

Match each statement with the correct term below.
-Mixed-use asset

• A)Automobile used 75% for business.
• B)Investment interest expense on loan to acquire municipal bonds.
• C)Cost of investigating a new trade or business that the taxpayer enters.
• D)Can be separated into two classifications.
• E)Expenses related to royalty income
• F)Expenditure to influence legislation.
• G)Cost of a new roof for office building.
• H)Relates to an income producing activity mainly carried on for recreation or personal enjoyment.
• I)Deductibility depends on income and amount of personal and rental use.
• J)Deductibility depends on whether the area is used exclusively for trade or business activities.

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Definitions:

News Release

An official statement issued to the media and other stakeholders to announce something newsworthy.

Publicity

A nonpersonal, indirectly paid presentation of an organization, product, or service.

Product Line

A group of related products marketed by a company under a single brand name.

News Conference

A media event in which newsmakers invite journalists to hear them speak and, typically, ask questions.