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which of the following is not classified as listed property ? a computer used exclusively in...

which of the following is not classified as listed property ? a computer used exclusively in a regular place of business that was placed in service on December 30,2017. a computer used exclusively in a regular place of business that was placed in service on July 27,2019. a passenger automobile weighing less than 6000 pounds used 92% for business . video recording equipment used 75% for business

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Answer #1

Answer : a computer used exclusively in a regular place of business that was placed in service on July 27,2019

Explanation :

Listed properties are special class of depreciable asset on which special set of tax rules applies provided it is predominently used for business purpose.

As per IRS, listed properties include,

computers and peripheral equipment placed before 1 January 2018.

passenger automobiles

sound & video recording equipment

So a computer placed on 27 june 2019 ( i.e after 2017 ) are not included.

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