Timothy Purchased a New Computer for His Consulting Practice on October

question 1

Essay

Timothy purchased a new computer for his consulting practice on October 15 ^th of the current year. The basis of the computer was $4,000. During the Thanksgiving holiday, he decided the computer didn't meet his business needs and gave it to his college-aged son in another state. The computer was never used for business purposes again. Timothy had $50,000 of taxable income before depreciation. What is Timothy's total cost recovery deduction with respect to the computer during the current year?

---

Definitions:

Aerobic Exercise

Physical activity that improves the efficiency of the cardiovascular system in absorbing and transporting oxygen, typically through sustained movements like walking, running, or cycling.

Antioxidants

Substances that can prevent or slow damage to cells caused by free radicals, unstable molecules that the body produces as a reaction to environmental and other pressures.

Prefrontal Cortex

Located in the front of the brain, responsible for higher thought, such as planning, goal setting, controlling impulses, and using cognitive skills and memory to solve problems.

Neuronal Communication

The process by which neurons transmit signals between themselves and to other types of cells, facilitating brain function and the regulation of bodily activities.