Colleen Operates a Business as a Sole Proprietorship

question 121

Multiple Choice

Colleen operates a business as a sole proprietorship. She purchased a computer for $10,000 last year. The computer is five-year recovery property for MACRS purposes and is depreciated under the regular MACRS rules. This year, Colleen incorporates the business and transfers the computer to the new corporation on July 20. The depreciation on the computer for this year allocable to the sole proprietorship is

• A)$1,868.
• B)$1,600.
• C)$1,333.
• D)$500.

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Definitions:

Two Degrees Of Separation

The concept that there are only two intermediary relationships or steps in the social network that separates any two individuals.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Isolated

Being far away from other places, buildings, or people; remote or separated, often leading to limited access to resources or social interaction.

Self-esteem

An individual's subjective evaluation of their own worth or abilities.