1. Research and experimentation expenditures connected with a trade or business can be capitalized and amortized for...
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Question:
1. Research and experimentation expenditures connected with a trade or business can be capitalized and amortized for tax purposes over a period of not less than:
A)30months
B) 60 months
C) 90 months
D) 120 months
2. Under current law, for tax purposes, nondeductible nonbusiness and/or nonrental expenses include:
A) Investment expenses
B) Tax planning expenses
C) Tax compliance expenses
D) All of the above
3. For MACRS depreciation purposes, in general, under the "table method", autos and light-duty trucks are depreciated over what period?
A) Three years
B) Five years
C) Ten years
D) Fifteen years
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date: