Billie Bob Purchased a Used Camera (Five-Year Property)for Use in His

question 83

Multiple Choice

Billie Bob purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the camera was $2,400. Billie Bob used the camera in his business 60 percent of the time during the first year. During the second year, Billie Bob used the camera 40 percent for business use. Calculate Billie Bob's depreciation deduction during the second year, assuming the sole proprietorship had a loss during the year. (Billie Bob did not place the asset in service in the last quarter.) (Use MACRS Table 1.)

• A)$0
• B)$48
• C)$192
• D)$336
• E)None of the choices are correct.

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Definitions:

Relationship Behavior

Actions and interactions that define the nature of relationships between individuals or groups.

Subordinates

Employees or team members who are ranked lower within an organization's hierarchy and report to a supervisor or manager.

Initiating Structure

A leadership behavior that involves setting up clear roles, tasks, and goals, and organizing work processes to achieve objectives.

Two-Way Communication

A form of communication where information flows in two directions, allowing for feedback and interaction between sender and receiver.