Full file at https://testbankuniv.eu/Taxation-of-Business-Entities-4th-Edition-Spilker-Test-Bank
23.
If the business use percentage for listed property falls below 50 percent, the only adjustment is all future depreciation must be calculated under the straight-line method. FALSE The property is subject to depreciation recapture for any excess depreciation over the straight line method using the ADS recovery period over the entire time.
AACSB: Reflective Thinking AICPA BB: Critical Thinking Blooms: Analyze Learning Objective: 02-03 Explain the additional special cost recovery rules (ยง179; bonus; listed property) and calculate the deduction allowable under these rules. Level of Difficulty: 2 Medium
24.
Significant limits are placed on the depreciation of luxury automobiles. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking Blooms: Remember Learning Objective: 02-03 Explain the additional special cost recovery rules (ยง179; bonus; listed property) and calculate the deduction allowable under these rules. Level of Difficulty: 1 Easy
25.
The alternative depreciation system requires both a slower method of recovery and longer recovery periods. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking Blooms: Apply Learning Objective: 02-03 Explain the additional special cost recovery rules (ยง179; bonus; listed property) and calculate the deduction allowable under these rules. Level of Difficulty: 2 Medium
Full file at https://testbankuniv.eu/Taxation-of-Business-Entities-4th-Edition-Spilker-Test-Bank