Belinda Purchases a Computer System Costing $6,000

question 75

Essay

Belinda purchases a computer system costing $6,000. During the current year, 70% of the use of the computer is for keeping the books and records of her Plasticware business, 20% of the use is for tracking her investments, and 10% of the use is personal. Explain the treatment of the computer according to the income tax concepts.

---

Definitions:

Leading

The process of influencing others towards the achievement of goals; in a business context, it involves motivating employees and guiding the organization in a clear direction.

Employees

Individuals who are hired by a business or organization to perform specific tasks in exchange for compensation.

Output

The final product, service, or amount of work produced by a process, system, or organization.

Negotiator Role

The function or part played by an individual who seeks to reach an agreement or resolve differences through discussion.