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Which statement(s) are true about the tax law changes in 2017? Multiple Choice Companies are temporarily allowed to take 100% bonus depreciation in the first

Which statement(s) are true about the tax law changes in 2017?

Multiple Choice Companies are temporarily allowed to take 100% bonus depreciation in the first year that an asset is placed in service.

This bonus will be phased out beginning in 2023 and expire by 2027.

All of these are true.

Congress wanted businesses to invest more in long-lived assets.

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