Which of the following is not a true statement about "listed" property?
A) An ambulance is "listed" property.
B) A taxpayer can elect to expense an asset if its business use is greater than 50 percent.
C) If business use drops below 50 percent,then the prior years' excess depreciation must be added to income.
D) A taxpayer must use straight- line depreciation if the business use is below 50 percent.
Correct Answer:
Verified
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