G Under Bonus Depreciation, which was part of the tax reform act under Trump’s administration, Taxpayers are allowed to claim 100 percent of property acquired and placed into service after September 27, 2017 and before January 1, 2023. a. True b. False 5. Taxpayers generally want to take as much depreciation expense as possible in the earliest possible years due to the time value of money. a. True b. False

Under Bonus Depreciation, which was part of the tax reform act under Trump’s administration, Taxpayers are allowed to claim 100 percent of property acquired and placed into service after September 27, 2017 and before January 1, 2023.

Under the Tax Cuts and Jobs Act, bonus depreciation increased from 50% to 100% fro qualified property acquired between September 27, 2017, and before January 1, 2023.

Taxpayers generally want to take as much depreciation expense as possible in the earliest possible years due to the time value of money.

The time value of money states that 1 dollar today is worth more than 1 dollar tomorrow, so 1 dollar saved today is worth more than 1 dollar saved tomorrow. That means that taxpayers will want to decrease their taxes as much as possible and as soon as possible.

4 True

5 True

Explanation:

4)TRUE

BecauseTrump Administration has allowed to claim 100 prevent of bonus depreciation for the property acquired and placed in service after sep 27 2017 to January 1 2023. It is allowed on business asset with a life of 20 years or less.

5)TRUE

BecauseTaking depreciation in earlier year keeps taxable income low and lower tax has to be paid in earlier years. Which save the interest cost.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.