Randy Is Advised by His Physician to Install an Elevator

question 1

Multiple Choice

Randy is advised by his physician to install an elevator in his residence, since he is afflicted with heart disease.The cost of installing the elevator is $10,000 and it has an estimated useful life of 10 years.He installs the elevator in January of the current year, and it increases the value of his residence by $8,000.Disregarding the limitation based on adjusted gross income, how much of the cost of the elevator may Randy take into account in determining his medical expense deduction for the current year?

• A)$0
• B)$1,000
• C)$2,000
• D)$10,000
• E)None of the above

---

Definitions:

Contributing Team Member

An individual who actively participates in a group effort, offering their skills and efforts towards achieving common goals.

Performance Excellence

The achievement of the highest level of performance and outcomes in organizational tasks, often through continuous improvement and quality assurance processes.

Discipline Problems

Issues related to maintaining order and ensuring individuals adhere to rules and standards.

Permissiveness

A management or parenting style characterized by allowing employees or children more freedom and fewer restrictions.