Audra Acquires the Following New Five-Year Class Property in 2014

question 38

Essay

Audra acquires the following new five-year class property in 2014:
$$\begin{array} { l l r } \text { Asset } & \text { Acquisition Date } & \text { Cost } \\\text { A } & \text { January 10 } & \$ 106,000 \\\text { B } & \text { Juy 5 } & 70,000 \\\text { C} & \text { November 15 } & 300,000 \\\text { Total } & &\$ 470,000\end{array}$$
Audra's taxable income from her business would not create a limitation for purposes of the § 179 deduction. Audra does not take additional first-year depreciation (if available). Determine her total cost recovery deduction (including the § 179 deduction) for the year.

Identify correct data types for various fields within a database.

Recognize symbols and their uses within the context of editing records in Access.

Use keyboard shortcuts for navigation and data entry in Datasheet view.

Understand field assignment capabilities and limitations in Table Datasheet view.

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Definitions:

Rent Controls

Government-imposed limits on the rent landlords can charge tenants.

Rental Units

Housing accommodations that are leased to tenants, typically involving a payment made at regular intervals for the use of the property.

Surplus

An excess of supply over demand in a market, leading to lower prices or unused stock.

Price Control

Government-imposed limits on the prices that can be charged for goods and services in the market, to protect consumers and prevent market abuse.