Taxation of Business Entities 4th Edition Spilker Test Bank

Page 39

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


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.