The Protecting Americans from Tax Hikes Act provided some permaneney in depreciation rules. Which one 1. of the following statements is CORRECT regarding permanent tax provisions? A. The permanent tax changes will never change. B. The permanent tax changes may only increase by no more than $10,000 per year for inflation, C. Permanent provisions indicate they were not scheduled to sunset." 2. Generally, which one of the following is an example of a capital expenditure? A. Amounts paid to defend or perfect title to real or personal property. B. An amount paid for routine maintenance. C. An amount paid to acquire shares in a publicly traded security. If property is held for personal use and is later used for blusiness or income-producing activity, which one of 3. the following statements CORRECTLY identifies the depreciable basis? A. The fair market value (FMV) of the property on the date of the change in use. B. Original cost or other adjusted basis. C. The lesser of the fair market value (FMV) of the property on the date of the change in use or the original cost or adjusted basis. Glendinner in 2012 which of the fallowing ie renuirement for the da minimierula