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.

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Definitions:

Problem-Focused Coping

A strategy for managing stress that involves directly confronting a problem and working to resolve it.

Emotion-Focused Coping

A strategy for managing stress by regulating one’s emotional response to stressors rather than confronting the stressors themselves.

Caloric Restriction

A dietary regimen that reduces calorie intake without causing malnutrition, often studied for its effects on longevity and health.

Malnutrition

A condition resulting from not consuming enough nutrients from food, leading to health problems like stunted growth, weakened immunity, and organ dysfunction.