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:

Case Study Method

A research approach that involves the detailed examination of an individual or group, providing deep insights into complex issues.

Correlation Coefficient

A statistic that indicates the strength and direction of a relationship between two variables.

Chance Fluctuation

Random variations in data or processes that are not due to any specific cause, often considered in statistical analyses.

File Drawer Problem

The bias introduced into scientific literature when studies with positive results are more likely to be published than studies with negative or non-significant findings.