Eric Is a Self-Employed Consultant

question 19

Multiple Choice

Eric is a self-employed consultant.In May of the current year,Eric acquired a computer system (5-year property) for $6,000 and used the computer 80% for business and 20% for personal purposes.Eric does not take any Sec.179 deduction.The maximum depreciation deduction for is

• A)$600.
• B)$800.
• C)$960.
• D)$1,200.

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Definitions:

Foreign Bonds

Bonds issued in a domestic market by a foreign entity, denominated in the currency of the domestic market.

Single Country

Pertains to investments or activities that are focused exclusively within one country's borders.

Triangle Arbitrage

Triangle arbitrage involves exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different currencies in the foreign exchange market.

Canadian Dollar

The official currency of Canada, represented by the symbol C$ or CAD, and is one of the world's major currencies traded in financial markets.