What is the depreciable period, in terms of the QBI deduction, for a vehicle?

Law

1 answer:

Drupady [299]3 years ago

3 0

Explanation:

The QBI stands for Qualified business income. The QBI refers to business income i.e to be qualified and eligible for the deduction. This is the deduction which is applies to the business corp orates i.e sole proprietorship, corporation, etc

So the Qualified business income for a vehicle could be go for 10 years or the life of the vehicle that could be held for taxable purposes plus it is classified as a depreciable tangible qualified property. As vehicle is a fixed assets and on that the depreciation expense is to be charged

You might be interested in

A demand for the elimination of the traditional divisions of power and labor between the

GuDViN [60]

Answer:

3. Liberal

Explanation:

7 0

3 years ago

Read 2 more answers

What led to the case being reopened?

vivado [14]

Answer:

new evidence or dna found

Explanation:

6 0

3 years ago

Read 2 more answers

Help me pleaseeeeeee

9966 [12]

The correct answer is C. Sworn police officers who work in patrol and as detectives make up the majority of local law enforcement employees.

Explanation

A local police department is a police force that covers a territory to protect a population. A police department is made up of police officers who patrol around the city, there are also detectives tasked with investigating cases that require an investigation, and other forces to maintain public order in a city. According to the above, the correct answer is C. Sworn police officers who work in patrol and as detectives make up the majority of local law enforcement employees.

3 0

3 years ago

In the U.S.,The South Carolina state constitution is the supreme law of the land?

Artemon [7]

I’m pretty sure it’s false but not 100% sure

8 0

3 years ago

Coma and death are possible when

Maslowich

Answer:

O the BAC nears the LD50 of ethyl alcohol

Explanation:

Alcohol content in the blood stream is measured with a breathalyzer and is known as the standard, BAC, short for blood alcohol content. There are different different levels of BAC that can have different effects on consumers of alcohol.

Level 0.40 is generally recognized as the lethal dose that affects 50% of adult humans. At this stage, the consumer falls into a state of unconsciousness or coma, and possibly, death.

6 0

3 years ago