Final answer:
The statement given is false; not all personal property placed in service in 2013 qualifies for additional first-year depreciation due to specific tax law requirements and limitations for qualifying property.
Step-by-step explanation:
The statement is false. Not all personal property placed in service in 2013 qualifies for additional first-year depreciation. The ability to claim this depreciation depends on the specific type of property, its use, and the tax laws in effect for that year. In general, additional first-year depreciation, also known as bonus depreciation, allows businesses to deduct a significant portion of the purchase price of eligible business property in the year the property is placed into service. However, the tax laws often change from year to year, and there are specific requirements and limitations for qualifying property. For example, the property usually has to be new, and there may be restrictions based on the type of property or its use in business. Therefore, it is important to review the relevant IRS regulations or consult with a tax professional to determine if a particular piece of property qualifies for additional first-year depreciation for a given tax year.