Business Tax Deductions Quiz

<p>Depreciating assets such as machinery, equipment, and vehicles are included in depreciation for additional deductions.</p> Signup and view all the answers

<p>Bad debt expenses refer to the cost of uncollectible accounts receivable, which are debts that cannot be collected from customers.</p> Signup and view all the answers

<p>The cost of using your home as a principal place of business can be deducted as a business expense under business use of home expenses.</p> Signup and view all the answers

<p>Depreciation in the context of additional deductions refers to the cost of depreciating assets, such as machinery, equipment, and vehicles, over their useful life.</p> Signup and view all the answers

<p>Bad debt expenses refer to the cost of uncollectible accounts receivable, which are debts that cannot be collected from customers. They are related to additional deductions as they can be included as a deductible business expense.</p> Signup and view all the answers

<p>Business use of home expenses can be deducted as a business expense if the home is used as a principal place of business.</p> Signup and view all the answers