All Personal Property Placed in Service in 2017 and Used

question 46

True/False

All personal property placed in service in 2017 and used in a trade or business qualifies for additional first-year depreciation.

---

Definitions:

Stanford-Binet

A standardized test that assesses intelligence and cognitive abilities, used in psychological and educational settings.

SAT

The SAT is a standardized test widely used for college admissions in the United States, assessing reading, writing, and mathematical reasoning.

WAIS

The Wechsler Adult Intelligence Scale, a widely used test designed to measure cognitive ability in adults and older adolescents.

Progressive Matrices Test

A cognitive test involving nonverbal assessments designed to measure abstract reasoning and regarded as a non-verbal estimate of fluid intelligence.