Prithi Acquired and Placed in Service $190,000 of Equipment on August

question 23

Multiple Choice

Prithi acquired and placed in service $190,000 of equipment on August 1,2015 for use in her sole proprietorship.The equipment is 5-year recovery property.No other acquisitions are made during the year.Prithi elects to expense the maximum amount under Sec.179.Prithi's total deductions for the year (including Sec.179 and depreciation) are

• A)$38,000.
• B)$25,000.
• C)$63,000.
• D)$58,000.

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Definitions:

Interdependent

this describes a relationship among entities where they are reliant on each other, such that the actions of one affect or are affected by the actions of the other.

Relational Focus

The emphasis on building and maintaining positive relationships within a team or organization as a key component of success.

Egalitarian

A principle or practice that promotes equality among people, dismissing differences in status, wealth, or power.

Hierarchical

Describes a system or organization where entities are ranked one above the other according to status or authority.