Colleen Operates a Business as a Sole Proprietorship

question 121

Multiple Choice

Colleen operates a business as a sole proprietorship. She purchased a computer for $10,000 last year. The computer is five-year recovery property for MACRS purposes and is depreciated under the regular MACRS rules. This year, Colleen incorporates the business and transfers the computer to the new corporation on July 20. The depreciation on the computer for this year allocable to the sole proprietorship is

• A)$1,868.
• B)$1,600.
• C)$1,333.
• D)$500.

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Definitions:

Artifacts

Artifacts in an organizational context are tangible elements like physical layout, language, rituals, and technologies that represent the culture of an organization.

Observable Symbols

Tangible or visible indicators that represent abstract concepts, values, or identities within a culture or organization.

Organizational Culture

The collective norms, values, and beliefs that define and shape a company's work environment and employee behavior.

Assumptions

Assumptions are underlying beliefs or ideas that people take for granted without verification.