All personal property placed in service in 2012 and used in a trade or business qualifies for additional first-year depreciation.

Name: All personal property placed in service in 2012 and used in a trade or business qualifies for additional first-year depreciation.
Brand: Quizplus
Rating: 5.0 (37 reviews)

Question

Quizplus · Accepted Answer

Not all personal property qualifies for additional first-year depreciation; it must meet specific criteria, such as being new and having a recovery period of 20 years or less.

All Personal Property Placed in Service in 2012 and Used