Annual Federal Tax Refresher (AFTR)

Section 179 expensing allows a business to:

Deduct the full cost of qualifying business property in the year it is placed in service Amortize startup costs over 15 years Exclude gain on the sale of business real estate Defer depreciation recapture to a later year

Correct Answer:

Deduct the full cost of qualifying business property in the year it is placed in service

Access more questions from this quiz

Continue to Annual Federal Tax Refresher (AFTR) for more practice questions and the full quiz experience.

Access More Questions