Aaron Has a Successful Business with $50,000 of Income in 2018.He

question 81

Multiple Choice

Aaron has a successful business with $50,000 of income in 2018.He purchased a new 7-year MACRS property with a cost of $7,000.For tax purposes, what is the largest write-off Aaron can obtain in 2018 for the new asset?

• A)$500
• B)$1,000
• C)$3,500
• D)$7,000

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Definitions:

Digestive System

The group of organs responsible for breaking down food, absorbing nutrients, and eliminating waste from the body.

Diverticulitis

Inflammation of the diverticuli, which are abnormal dilations in the intestine.

Intestinal Wall

The multi-layered tissue lining the intestines, responsible for nutrient absorption and barrier protection against pathogens.

Abnormal Dilations

unusual expansions or widenings of vessels, cavities, or organ passages in the body.