If a Business Debt Previously Deducted as Partially Worthless Becomes

question 106

True/False

If a business debt previously deducted as partially worthless becomes totally worthless this year, only the amount not previously deducted can be deducted this year.

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Definitions:

Digital Divide

The gap between demographics and regions that have access to modern information and communications technology, and those that don't or have restricted access.

Kiosks

Standalone physical units often used in public places for providing information, services, or for conducting transactions, such as ticket sales or check-ins.

ATMs

Automated Teller Machines, electronic banking outlets that allow people to complete transactions without needing to visit a bank branch.

Webcams

Video cameras that are connected to a computer or network, capable of streaming live video for teleconferencing, surveillance, or broadcasting.