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P2-U08 · PART 2 · SOURCE CYCLE 2026-2027
Depreciation and Amortization
Only cards whose complete question and answer were checked against exact primary-authority evidence appear here.
Q1.Alder buys qualifying off-the-shelf computer software. For which deduction can it be qualifying property?
Section 179
Q2.Alder acquired and placed qualifying property in service after January 19, 2025. What special depreciation percentage can generally apply?
100%
Q3.Which statement applies when Alder buys business land?
Land itself cannot be depreciated
Q4.What planning choice does section 179 provide for qualifying property?
Elect a current section 179 deduction instead of recovering the cost through depreciation
Q5.Which of the following types of property is generally used for entertainment, recreation, or amusement and therefore classified as "listed property?" A. Photographic equipment B. Manufacturing equipment C. Office furniture D. Office supplies
Photographic equipment
Q6.Which statement is correct regarding 100% bonus depreciation for 2025? A. 100% bonus depreciation applies only to property acquired before January 20, 2025. B. Bonus depreciation is 100% only for real property placed in service in 2025. C. All qualified property placed in service in 2025 automatically qualifies for 100% bonus depreciation. D. Certain qualified property acquired and placed in service after January 19, 2025, can qualify for 100% bonus depreciation.
Certain qualified property acquired and placed in service after January 19, 2025, can qualify for 100% bonus depreciation.