In April of 2013,Brandon Acquired Five-Year Listed Property (Not an Automobile)for

question 81

Multiple Choice

In April of 2013,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 2014,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.

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Definitions:

Institutional Power

is the control or influence that organizations or institutions have over societal norms, policies, and behaviors.

Malcolm X

An African American civil rights leader who advocated for the rights of African Americans through any means necessary, distinct from the nonviolent tactics of Martin Luther King Jr.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Income Gap

The disparity in income and wealth between different groups in society, often highlighting inequality between individuals, races, genders, or countries.