Ch 9 Quiz - as a warehouse, is that the...

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San Jose State University Business l23A Spring 2009 Name MW 9:00 Quiz Chapter 9: 1. $179 expensing is allowed only for the acquisition of new property. The acquisition of used property would not qualify for this provision. True False X 2. One advantage of using MACR.S to calculate depreciation for business buildings, such
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Unformatted text preview: as a warehouse, is that the ta"xpayer may depreciate the building down to zero without concern for the actual value of the real estate. This is true because MACRS ignores residual or salvage values. True X False J...
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This note was uploaded on 09/08/2010 for the course BUS 123A at San Jose State University .

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