listed property

Definition of "listed property"
  1. Depreciable assets with potential personal and business use requiring special record keeping under the Internal Revenue Code
How to use "listed property" in a sentence
  1. The company's fleet of vehicles is considered listed property due to potential personal usage.
  2. Her home-based computer needed to be recorded as listed property for tax purposes.
  3. Because the corporate yacht could be used for non-business purposes, it was categorized as listed property.

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