If a Home Office Is Used for Both Business and Personal

question 86

True/False

If a home office is used for both business and personal purposes, the home office expenses, such as rent or depreciation, should be allocated between the business and personal use and then deducted.

---

Definitions:

Shame

A complex emotion that arises from recognizing failure or moral wrongdoing, often leading to feelings of embarrassment and guilt.

Doubt

A feeling of uncertainty or lack of conviction.

Will

The mental faculty by which an individual decides or chooses between different courses of action.

Existential Import

The implication that a statement has concerning the existence of the subjects it mentions.