Eric Is a Self-Employed Consultant

question 59

Multiple Choice

Eric is a self-employed consultant.In May of the current year,Eric acquired a computer system (5-year property) for $7,000 and used the computer 30% for business.Eric does not use Sec.179.The maximum depreciation deduction for is

• A)$210.
• B)$420.
• C)$700.
• D)$2,100.

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Definitions:

Degrees of Freedom

Degrees of freedom are the number of independent values or quantities which can be assigned to a statistical distribution without violating any constraining conditions.

Category Counts

The tally or frequency of occurrences within different categories or classifications in a dataset.

Probabilities

The likelihood or chance of different outcomes occurring, based on a scale from 0 to 1, where 0 means the outcome is impossible and 1 means the outcome is certain.

Responses

The set of data or answers collected from subjects in an experiment or survey.