In April of 2016,Brandon Acquired Five-Year Listed Property (Not an Automobile)for

question 11

Multiple Choice

In April of 2016,Brandon acquired five-year listed property (not an automobile) for $30,000 and used it 70% for business.No election was made regarding Sec.179 and bonus depreciation was not available.In 2017,his business use of the property dropped to 40%.Which of the following statements is true?

• A)The change does not affect Brandon's previous depreciation.
• B)Brandon must recapture $2,100 as ordinary income.
• C)Brandon must recapture $4,200 as ordinary income.
• D)Brandon must amend the previous tax return and recompute depreciation.

Know the roles of consumer protection agencies, such as the Better Business Bureau.

Understand consumer behavior, including impulse buying and complaint resolution.

Identify requirements and information provided on product labels.

Recognize the significance of branding and the differences between brand types.