Jenny Constructed a Building for Use as a Residential Rental

question 62

Multiple Choice

Jenny constructed a building for use as a residential rental property. The cost of the building was $82,488, and it was placed in service on August 1, 1991. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2015 for tax purposes?

• A)$2,250
• B)$3,000
• C)$6,000
• D)$6,547
• E)None of the above

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Definitions:

Job Enrichment

A method used to motivate employees by giving them more responsibilities and a variety of tasks to increase their involvement in their work.

Employee Performance

Refers to the assessment and evaluation of an employee's work productivity, efficiency, and effectiveness according to predetermined standards.

Job Enrichment

This process involves improving job satisfaction by adding more meaningful tasks and duties to make the work more rewarding or interesting.

Employee Empowerment

A workplace strategy aimed at giving employees more autonomy, resources, and capability to make decisions.