mark for follow up Question 23 of 35. Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual receipts of $35 million over the last three years. An online retailer that has average gross annual receipts of $45 million over the last three years. A construction contractor who does not have any outstanding accounts receivable at the end of the tax year. ness Returns (2020) Question 25 of 35. OOOO For a taxpayer who would like to limit their current-year deduction for asseta purchased, which option can be used for machines placed in service during 2017 Claim the special depreciation allowance. Use the straight-line method of depreciation Make the de minimis election under the tangible property regulations Reclassify the machines as qualified improvement property under the retroactive provisions of the CARES ALL