Final answer:
The question is about whether a large corporation did not claim Section 179 or bonus depreciation on 100% business-use assets, which relates to tax accounting decisions.
Step-by-step explanation:
The question presented relates to tax accounting and the specific rules and elections available under the US Internal Revenue Code (IRC) for depreciating assets acquired by a business entity. When a large corporation acquires and places in service various assets for 100% business use, the IRC provides for different methods of recovering the cost of these assets over time. This includes Section 179 expensing which allows a business to deduct the full purchase price of qualifying assets up to a certain limit, and bonus depreciation which permits an immediate deduction of a percentage of the cost of qualifying assets.
Since the question states that Large Corporation did not claim Section 179 or bonus depreciation on any of the properties, we have enough information to determine that the statement is either true or false. However, without additional context or information on the company's actions or intents regarding depreciation, a definitive answer to the question cannot be provided. Thus, in this case, the answer would be c) Not enough information. To fully classify the statement as true or partially true, details about other methods of depreciation that may have been used by the corporation would be required.
For the purposes of tax planning and compliance, it is essential for businesses to understand the implications of foregoing such depreciating options as they could lead to a deferral of tax deductions and impact the company's financial strategy.