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

question 67

Multiple Choice

Prithi acquired and placed in service $190,000 of equipment on August 1,2014 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.

---

Definitions:

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.

General Managers

Individuals responsible for managing and overseeing all operational aspects of an organization, making decisions that affect its direction and success.

Major Parts

Primary or most important components or sections of an object, system, or concept.

Organisation

An entity comprising multiple people, such as a company or business, that has a particular purpose and structured system for achieving its goals.