Broadus, a Calendar Year Taxpayer, Purchased a Total of $128,300

question 80

Multiple Choice

Broadus., a calendar year taxpayer, purchased a total of $128,300 tangible personalty in 2013. Broadus' taxable income without regard to a Section 179 deduction was $92,600. Which of the following statements is true?

• A)Broadus can elect to expense only $92,600 of the cost of the personalty.
• B)Broadus can elect to expense the $128,300 cost of the personalty but can deduct only $92,600 of the expense.
• C)Broadus can elect to expense only $35,700 of the cost of the personalty.
• D)Broadus can elect to expense the $128,300 cost of the personalty but can deduct only $35,700 of the expense.

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Definitions:

Buying Process

The series of steps a consumer goes through, from recognizing a need or desire to the final purchase decision, including information search, evaluation of options, and post-purchase evaluation.

Modified Rebuy

A buying situation where an organization makes changes to its previous purchase orders, involving modifications in product specifications, prices, or suppliers.

New Buy

A purchasing situation in which a buyer purchases a product or service for the first time, presenting a significant decision-making process.

Buying Center

A group of individuals within an organization who are responsible for making decisions about significant purchases, evaluating options based on the company's needs.