In April of 2015,Brandon Acquired Five-Year Listed Property (Not an Automobile)for

question 1

Multiple Choice

In April of 2015,Brandon acquired five-year listed property (not an automobile) for $30,000 and used it 70% for business.No election was made regarding Sec.179 and bonus depreciation was not available.In 2016,his business use of the property dropped to 40%.Which of the following statements is true?

• A)The change does not affect Brandon's previous depreciation.
• B)Brandon must recapture $2,100 as ordinary income.
• C)Brandon must recapture $4,200 as ordinary income.
• D)Brandon must amend the previous tax return and recompute depreciation.

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Definitions:

Yoga

A physical, mental, and spiritual practice or discipline that originated in ancient India, aimed at achieving a state of perfect spiritual insight and tranquility.

Surnames

Surnames are family names passed down through generations, often used to identify individuals within a wider family context, reflecting lineage, heritage, and sometimes social status or occupation.

Mother's Name

Typically refers to the given name or full name of an individual's mother, which may be used for identification, legal, or cultural purposes.

Sedentary Ju/'hoansi

Refers to the Ju/'hoansi, a group traditionally living as hunter-gatherers in Southern Africa, who have adopted a more sedentary lifestyle due to various factors.