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Question 27 of 77. Why should records be kept for business-use assets such as video equipment and vehicles? They are depreciable assets whose depreciation percentage
Question 27 of 77. Why should records be kept for business-use assets such as video equipment and vehicles? They are depreciable assets whose depreciation percentage could change each year. They are listed property and have special rules. Good records can substantiate the portion written off as business expense on these assets commonly used for both business and personal. All of these are important reasons for keeping records of these assets
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