For Personal Property Placed in Service in 2012, the §

question 103

True/False

For personal property placed in service in 2012, the § 179 maximum deduction is limited to $139,000.

---

Definitions:

Suggested Retail Price

The price that manufacturers recommend retailers to sell their products for to consumers.

Mark-Up

The markup on goods’ cost intended to defray overhead expenditures and yield profit.

Operating Expenses

The costs associated with the day-to-day operations of a business.

Operating Profit

Earnings derived from a corporation's principal operations, before subtracting interest and taxes.