Question

Which of the following assets are eligible for §179 expensing?

A. Used office machinery
B. Qualified leasehold improvements
C. A new delivery truck
D. Used office furniture
E. All of these

Answer 1

Used office machinery, a new delivery truck, and all of the mentioned assets are eligible for §179 expensing.

Step-by-step explanation:

The assets eligible for §179 expensing include:

• Used office machinery: Used office machinery is eligible for §179 expensing as long as it is used for business purposes.
• New delivery truck: A new delivery truck is eligible for §179 expensing because it is considered a qualified business asset.
• All of these: Both used office machinery and a new delivery truck are eligible for §179 expensing, making option E the correct answer.

On the other hand, qualified leasehold improvements and used office furniture are not eligible for §179 expensing.