Examlex

Solved

Jenny Constructed a Building for Use as a Residential Rental

question 50

Multiple Choice

Jenny constructed a building for use as a residential rental property.The cost of the building was $180,000,and it was placed in service on August 1,1990.The building has a 27.5-year MACRS life.What is the amount of depreciation on the building for 2013 for tax purposes?


Definitions:

Habituated

The process by which an individual becomes accustomed to a stimulus or environment over time, leading to a decrease in responsiveness.

Yerkes-Dodson Law

A psychological principle that asserts there is an optimal level of arousal for the best performance of a task: too little arousal can lead to underperformance, while too much can lead to mistakes.

Simple Tasks

Activities or tasks that require a minimal amount of cognitive or physical effort to complete.

Industrial/Organizational Psychologists

Professionals who apply psychological principles and research methods to improve the workplace environment, productivity, and employee-related issues.

Related Questions