Augie Purchased One New Asset During the Year (Five-Year Property)

question 28

Multiple Choice

Augie purchased one new asset during the year (five-year property) on November 10, 2014, at a cost of $650,000. She would like to use the § 179 election if available. The income from the business before the cost recovery deduction and the § 179 deduction was $600,000. Determine the total cost recovery deduction with respect to the asset for 2014.

• A) $32,500.
• B) $56,250.
• C) $130,000.
• D) $150,000.
• E) None of the above.

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Definitions:

Natural Language Processing

The ability of information systems to work with text the way that humans do.

Computer Vision

A field of artificial intelligence that trains computers to interpret and understand the visual world, using digital images from cameras and videos and deep learning models.

Turing Test

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Expert System

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