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Author Question: Off-the-shelf computer software that is purchased for use in the taxpayer's trade or business is ... (Read 27 times)

CORALGRILL2014

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Question 1

Most taxpayers elect to expense R&E expenditures because of the immediate tax benefit.
◦ true
◦ false

Question 2

Off-the-shelf computer software that is purchased for use in the taxpayer's trade or business is amortized over 36 months, or it can be immediately expensed under a Sec. 179 election.
◦ true
◦ false


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Marked as best answer by CORALGRILL2014 on Sep 13, 2020

duke02

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CORALGRILL2014

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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