Colleen Operates a Business as a Sole Proprietorship

question 121

Multiple Choice

Colleen operates a business as a sole proprietorship. She purchased a computer for $10,000 last year. The computer is five-year recovery property for MACRS purposes and is depreciated under the regular MACRS rules. This year, Colleen incorporates the business and transfers the computer to the new corporation on July 20. The depreciation on the computer for this year allocable to the sole proprietorship is

• A)$1,868.
• B)$1,600.
• C)$1,333.
• D)$500.

---

Definitions:

Rename

The act of changing the name of a file, folder, or other objects to better reflect its content or purpose.

Apps

Short for applications, referring to software programs designed to perform specific tasks or provide services on computing devices.

Mouse Operation

A series of actions or functions that a user can perform using a mouse, such as clicking, double-clicking, dragging, and right-clicking.

Mini Toolbar

A small, contextual toolbar in Microsoft Office that appears near selected text, offering quick access to formatting tools.