Final answer:
The statement is False. Only qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023, is eligible for additional first-year depreciation.
Step-by-step explanation:
The statement is False. Not all personal property placed in service in 2015 and used in a trade or business qualifies for additional first-year depreciation. The additional first-year depreciation is a tax deduction that allows businesses to deduct a certain percentage of the cost of qualified property in the year it is placed in service.
Under the Tax Cuts and Jobs Act of 2017, the bonus depreciation deduction was increased to 100% for qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023.
Therefore, only qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023, is eligible for additional first-year depreciation.