Chahana Acquired and Placed in Service $665,000 of Equipment on August

question 89

Multiple Choice

Chahana acquired and placed in service $665,000 of equipment on August 1,2016 for use in her sole proprietorship.The equipment is 5-year recovery property.No other acquisitions are made during the year.Chahana elects to expense the maximum amount under Sec.179.Assuming the property does not qualify for bonus depreciation,Chahana's total deductions for the year (including Sec.179 and depreciation) are

• A)$500,000.
• B)$133,000.
• C)$633,000.
• D)$533,000.

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Definitions:

Shock Series

A sequence of stressful or traumatic events experienced by an individual or a group, potentially leading to psychological impact.

Milgram Experiment

Experiments in social psychology led by Stanley Milgram investigated the extent to which individuals would comply with the instructions of an authority figure, despite these instructions contradicting their ethical principles.

Confederate

An individual who is part of an experiment and aware of its purpose but pretends to be a participant to manipulate situations as per the experimenter's design.

Conforming Behavior

The act of matching attitudes, beliefs, and behaviors to group norms or expectations.