Business assets that tend to be used for both business and personal purposes are referred to as listed property.

Name: Business assets that tend to be used for both business and personal purposes are referred to as listed property.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Listed property includes items such as cars, computers, and cameras that are often used for both business and personal purposes. As a result, there are specific tax rules and limitations for deducting their expenses.

Business Assets That Tend to Be Used for Both Business