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T/F 4. Property qualifying for Sec. 179 expensing must be purchased for use in an...

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Accounting

T/F

4. Property qualifying for Sec. 179 expensing must be purchased for use in an active trade or business or for the production of income.

5. Depreciable real property placed in service after 1986 must be depreciated using the 200% declining balance method.

6. For 2019, listed property includes computers and cell phones.

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