Boxer Corporation Buys Equipment in January of the Current Year

question 109

Multiple Choice

Boxer Corporation buys equipment in January of the current year with a seven-year class life for $15,000. The corporation expensed the $15,000 under Sec. 179. The deduction in the year of purchase for E&P purposes due to the acquisition and expensing of the equipment is

• A)$1,500.
• B)$3,000.
• C)$14,000.
• D)$15,000.

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Definitions:

Preconventional Moral Development

A stage in Kohlberg's theory of moral development characterized by an individual's response to moral choices based on personal consequences.

Lying to Customers

The unethical practice of deliberately providing false information to customers about products or services.

Ethical Behavior

Behavior demonstrating a willingness to treat others fairly and that shows one to be honest and trustworthy and that exhibits loyalty to company, associates, and the work for which one is responsible.

Treating Others Fairly

The act of interacting and making decisions in a way that is just, unbiased, and equitable towards all individuals.