In May 2012,Stephen Acquired a Used Automobile for $12,000 and Used

question 7

Multiple Choice

In May 2012,Stephen acquired a used automobile for $12,000 and used the automobile 75% for business.No Sec.179 election was made.In 2013,Stephen's business use of the automobile decreases to 45%.As a result of this change in business use:

• A)The change does not affect the way Stephen computes his 2013 depreciation
• B)Stephen's depreciation in 2013 is $2,250.
• C)Stephen must recapture $900 as ordinary income in 2013
• D)Stephen must amend the 2013 tax return and recompute depreciation.

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Definitions:

Kirkpatrick's Hierarchical Model

A model used to assess training initiatives, which is divided into four stages: Reaction, Learning, Behavior, and Results.

Barriers

Obstacles that impede progress or achievement.

Evaluation

The systematic process of collecting, analyzing, and using information to assess the effectiveness and impact of projects, programs, or policies.

Internal Referencing Strategy

A method in decision-making that relies on an individual's personal standards or experiences, rather than external sources.