Bonnie Jo Purchased a Used Computer (5-Year Property)for Use in Her

question 6

Multiple Choice

Bonnie Jo purchased a used computer (5-year property) for use in her sole proprietorship.The basis of the computer was $2,400.Bonnie Jo used the computer in her business 60 percent of the time and used it for personal purposes the rest of the time during the first year.Calculate Bonnie Jo's depreciation expense during the first year assuming the sole proprietorship had a loss during the year (Bonnie did not place the property in service in the last quarter) .(Use MACRS Table 1)

• A) $240.
• B) $288.
• C) $480.
• D) $2,400.
• E) None of the choices are correct.

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Definitions:

Low-fiber Diets

Eating plans that contain small amounts of dietary fiber, which may lead to digestive problems and other health issues.

Body Mass Index (BMI)

Weight (in kilograms) divided by height (in meters) squared (kg/m2).

Obese

A medical condition characterized by excessive body fat that presents a risk to health, typically defined as a body mass index (BMI) of 30 or higher.

Automobile Fatalities

Deaths resulting from incidents or accidents involving motor vehicles.