Qualified Section 179 property for a retail store includes
I.Store shelving.
II.Company auto used by salesmen.
III.Sidewalks in front of the store.
IV.Delivery van owned by the store.

A)Only statement I is correct.
B)Only statement III is correct.
C)Statements I and IV are correct.
D)Statements II and III are correct.
E)Statements I, II, and IV are correct.

Question

Qualified Section 179 property for a retail store includes
I.Store shelving.
II.Company auto used by salesmen.
III.Sidewalks in front of the store.
IV.Delivery van owned by the store.
​
A)Only statement I is correct.
B)Only statement III is correct.
C)Statements I and IV are correct.
D)Statements II and III are correct.
E)Statements I, II, and IV are correct.

Quizplus · Accepted Answer

Qualified Section 179 property includes tangible personal property such as store shelving and vehicles like delivery vans used for business purposes, as well as company autos used by salesmen if they are used more than 50% for business. Sidewalks are considered land improvements and do not qualify.

Qualified Section 179 Property for a Retail Store Includes