James Purchased a New Business Asset (Three-Year Personalty) on July

question 16

Multiple Choice

James purchased a new business asset (three-year personalty) on July 23, 2019, at a cost of $40,000.James takes additional first-year depreciation but does not elect Section 179 expense on the asset.Determine the cost recovery deduction for 2019.

• A)$8,333
• B)$26,666
• C)$33,333
• D)$40,000

---

Definitions:

Altruism

The selfless concern for the well-being of others, often manifesting in actions taken for the benefit of someone else at one's own expense.

Helping Behavior

Involves actions intended to aid or benefit another person or group of people without the helper's anticipation of reward.

Testosterone Levels

The concentration of testosterone, a hormone that influences many aspects of physical and psychological health, in the bloodstream.

Aggression

Behavior intended to harm or intimidate others, which can be physical or verbal, and emerge from various motivations or conditions.