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Author Question: Once the business use of listed property falls to 50% or below, the alternative depreciation system ... (Read 64 times)

fbq8i

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Question 1

On its tax return, a corporation will use the same depreciation, amortization and depletion methods used in its financial statements issued to shareholders.
◦ true
◦ false

Question 2

Once the business use of listed property falls to 50% or below, the alternative depreciation system must be used for the current year and all subsequent years, even if the business use percentage increases to more than 50% in a subsequent year.
◦ true
◦ false


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Marked as best answer by fbq8i on Sep 13, 2020

dmurph1496

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fbq8i

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


cam1229

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Reply 3 on: Yesterday
Wow, this really help

 

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