Property Used for the Production of Income Is Not Eligible

question 37

True/False

Property used for the production of income is not eligible for § 179 expensing.

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Definitions:

Maintain

To keep something in its existing state or condition, ensuring its preservation or continuation over time.

Company Policies

Rules and guidelines created by businesses to set expectations and govern employees' behavior.

Media Platform

Digital or traditional channels through which content is delivered and shared, such as social media, newspapers, or television.

Goodwill Ending

Shift of emphasis away from the message to the reader. A goodwill ending is positive, personal, and forward-looking and suggests that serving the reader is the real concern.