Eric Is a Self-Employed Consultant

question 59

Multiple Choice

Eric is a self-employed consultant.In May of the current year,Eric acquired a computer system (5-year property) for $7,000 and used the computer 30% for business.Eric does not use Sec.179.The maximum depreciation deduction for is

• A)$210.
• B)$420.
• C)$700.
• D)$2,100.

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Definitions:

System Justification

A theory suggesting that people have a tendency to defend, uphold, and rationalize the status quo, even when it is detrimental to their own interest.

Ingroup Bias

The tendency to favor and prioritize one's own group over others in various contexts, often leading to prejudice against outgroups.

Cultural Worldview

Human-constructed shared symbolic conceptions of reality that imbue life with meaning, order, and permanence.

Prescribing Norms

The process of establishing expected behaviors or rules within a group or society, often dictating how members should act.