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

question 8

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) :

• A) $240
• B) $288
• C) $480
• D) $2,400
• E) None of these

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Definitions:

Peace

A state or condition marked by the absence of conflict, violence, or war, often associated with harmony and tranquility in society.

Justice

A moral principle based on fairness, ethics, rationality, and equity that guides legal systems and societal norms.

Violence

The use of physical force with the intention of causing harm, injury, or abuse to another person or group.

Self-esteem

An individual's subjective evaluation of their own worth or value.