Which of the following assets is eligible for §179 expensing?
A)Used office machinery
B)Qualified improvement property
C)A new delivery truck
D)Used office furniture
E)All of the choices are correct.

Question

Quizplus · Accepted Answer

All the listed assets (used office machinery, qualified improvement property, a new delivery truck, and used office furniture) are eligible for §179 expensing, as §179 allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year, subject to certain limitations and thresholds. This includes both new and used property, provided it's new to the taxpayer.

Which of the Following Assets Is Eligible for §179 Expensing