Colleen Operates a Business as a Sole Proprietorship

question 92

Multiple Choice

Colleen operates a business as a sole proprietorship. She purchased a computer for $10,000 last year. The computer is five- year recovery property for MACRS purposes and is depreciated under the regular MACRS rules. This year, Colleen incorporates the business and transfers the computer to the new corporation on July 20. The depreciation on the computer for this year allocable to the sole proprietorship is

• A) $1,600.
• B) $500.
• C) $1,333.
• D) $1,868.

Gain knowledge on best practices and critical strategies for effective international social media management.

Understand the role and impact of unions on wage disparity.

Recognize the concept of compensating differentials and how they contribute to wage disparities.

Grasp the marginal productivity theory of income distribution and its implications.

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