Three Years Ago, Stock Tek Purchased Some Five-Year MACRS Property

question 20

Multiple Choice

Three years ago, Stock Tek purchased some five-year MACRS property for $82,600.Today, it is selling this property for $31,500.How much tax will the company owe on this sale if the tax rate is 34 percent? The MACRS allowance percentages are as follows, commencing with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

• A)-$2,451.81
• B)-$5,857.08
• C)$0
• D)$5,857.08
• E)$2,621.81

---

Definitions:

Influencing Process

The act of affecting or altering someone's beliefs, attitudes, or behaviors through persuasion or example.

Change Leaders

Individuals or entities that drive and influence positive transformation within an organization or community.

Archie Carroll

A scholar notable for his work in corporate social responsibility, especially his pyramid model that outlines the responsibilities of businesses.

Ethical Decision-Making Principles

Guidelines or standards used to make choices that reflect moral and ethical values and integrity.