Once the More-Than-50% Business Usage Test Is Passed for Listed

question 59

True/False

Once the more-than-50% business usage test is passed for listed property,it does not matter if the business usage for the property drops to 50% or less during the recovery period.

---

Definitions:

Flight Attendant

An airline employee responsible for ensuring the safety, comfort, and service to passengers aboard flights.

Bailment for Reward

A legal relationship that involves the temporary transfer of personal property to another for a specified fee or reward.

Grossly Negligent

Showing a severe lack of care or deliberation that results in blatant disregard for the safety or rights of others, often leading to extreme harm or risk.

Jeweller

A person or entity engaged in the business of selling and sometimes manufacturing jewelry.