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Worksheets

FTG Chapters

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is Publication 225?

a)

Farmer's Tax Guide

b)

Tax Guide for Farming

c)

Guide for Farmers Taxes

2.

Importance of Records

a)

Chapter 1

b)

Chapter 2

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

3.

Accounting Methods

a)

Chapter 1

b)

Chapter 2

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

4.

Farm Income

a)

Chapter 1

b)

Chapter 2

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

5.

Farm Business Expenses

a)

Chapter 1

b)

Chapter 2

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

6.

Soil and Water Conservation Expenses

a)

Chapter 1

b)

Chapter 2

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

7.

Basis of Assets

a)

Chapter 6

b)

Chapter 2

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

8.

Depreciation, Depletion, & Amortization

a)

Chapter 6

b)

Chapter 7

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

9.

Section 179

a)

Chapter 3

b)

Chapter 4

c)

Chapter 5

d)

Chapter 6

e)

Chapter 7

10.

When Must You Recapture an Allowance

a)

Chapter 6

b)

Chapter 7

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

11.

What is Qualified Property (page 41)

a)

Chapter 6

b)

Chapter 7

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

12.

What Property Does Not Qualify for Section 179 Deduction Expense? (page 38)

a)

Chapter 6

b)

Chapter 7

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

13.

When Must You Recapture the (179) Deduction (page 40)

a)

Chapter 6

b)

Chapter 7

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

14.

Excepted property (179, page 40)

a)

Chapter 6

b)

Chapter 7

c)

Chapter 3

d)

Chapter 4

e)

Chapter 5

15.

What Property Cannot Be Depreciated?

a)

Page 36

b)

Page 37

c)

Page 38

d)

Page 39

16.

When Does Depreciation Begin and End?

a)

Page 36

b)

Page 37

c)

Page 38

d)

Page 39

17.

What is the Basis of Your Depreciable Property?

a)

Page 36

b)

Page 37

c)

Page 38

d)

Page 39

18.

Uniform Capitalization Rules

a)

Page 29

b)

Page 30

c)

Page 31

d)

Page 32

19.

Increase to Basis

a)

Page 33

b)

Page 30

c)

Page 31

d)

Page 32

20.

Decrease to Basis

a)

Page 33

b)

Page 30

c)

Page 31

d)

Page 32