Jean Drinks at Least 8 Cans of Soda Each Day

question 4

Essay

Jean drinks at least 8 cans of soda each day. She knows that she should drink water, but the soda is much more satisfying because she loves its sweet taste. She has decided that she is going to stop drinking so much soda Sunday through Friday; she will drink soda on Saturday, and she won't drink any water that day. She is confident that by the end of eight weeks, she will successfully overcome her soda habit and learn to like drinking water.
Do you think Jean will successfully reach her goal by following her plan? Critique her plan and propose an alternate series of steps for her to follow to achieve her goal.

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Definitions:

Percentage Depletion

A tax deduction method applicable to natural resources extraction, calculating the deduction as a percentage of the gross income generated from the resource.

MACRS

The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes allowing for faster recovery of assets' costs to stimulate investment.

Straight-Line Depreciation

An approach to spreading the expense of a tangible asset across its lifespan in uniform yearly sums.

Income Taxes

Taxes levied by governments on the income generated by businesses or individuals within their jurisdiction.