Timothy Purchased a New Computer for His Consulting Practice on October

question 45

Essay

Timothy purchased a new computer for his consulting practice on October 15ᵗʰ 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 expense with respect to the computer during the current year?

---

Definitions:

Anthropology

The study of humans, human behavior, and societies in the past and present, focusing on cultural, social, and physical aspects.

Cultural Contexts

The environment and factors that define the beliefs, practices, norms, and social influences of a particular group of people.

Quasi-experiment

A type of experimental design that does not include random assignment of participants to conditions, often used in situations where controlled experiments are not feasible.

Dosage Levels

Quantitative measurements that dictate the amount of a substance (like medication) to be taken at one time.