When a system allows the copying information from an existing document, such as a purchase order, it saves time and reduces the opportunity for error

For federal income tax purposes, expenditures for capital improvements (enhancements) for income-producing properties are:

A: Deductible in the year incurred, but only to the extent of rental income received; B: Added to the cost basis of the property; C: Deductible at the rate of $1,000 per year; D: Not depreciable under any circumstances.

The certificate of limited partnership filed in the public records must contain

A. The name of the partnership and the names of the general partners. B. The general character of the business. C. The contribution of each partner (general and limited). D. The amount of each limited partner's liability.