Which of the Following Would Not Be a Positive Tax

question 8

Multiple Choice

Which of the following would not be a positive tax preference item in 2009?

• A)Accelerated depreciation on real property in excess of straight-line.
• B)Intangible drilling costs.
• C)Private activity bond interest income.
• D)Percentage depletion in excess of adjusted basis.
• E)None of the above.

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Definitions:

Henry Ford

An American industrialist and the founder of the Ford Motor Company, who revolutionized factory production with his assembly line method, making cars affordable for the average American.

Automobiles

Wheeled motor vehicles used for transportation, typically powered by internal combustion engines and designed to carry a small number of people.

Gasoline Powered

Gasoline powered refers to engines or machines that operate using gasoline as a fuel, a common technology in vehicles and various types of machinery.

Ku Klux Klan

A white supremacist hate group in the United States that has targeted African Americans, Jews, immigrants, leftists, and other groups, promoting racism and violence.