​In 2016, a Taxpayer Purchases a New Automobile (5 Year

question 1

Multiple Choice

​In 2016, a taxpayer purchases a new automobile (5 year recovery) for $56,000 for 100% use in her business. What is the total cost recovery assuming that the taxpayer does or does not elect bonus depreciation on the auto (half-year convention but no immediate expensing) ?

• A)​$11,200 with bonus and $3,160 without bonus
• B)​$11,160 with bonus and $11,200 without bonus
• C)​$11,160 with bonus and $3,160 without bonus
• D)​$8,000 with bonus and $3,160 without bonus

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Definitions:

Hannah Arendt

A twentieth-century political theorist known for her work on the nature of power, authority, and the origins of totalitarianism.

Nazi Regime

The authoritarian government led by Adolf Hitler in Germany from 1933 to 1945, known for its fascist policies and the perpetration of the Holocaust.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or societal standards, often as a means of fitting in or being accepted.

Prisoners

Individuals who have been confined as a result of committing a crime, serving time in a correctional facility under the supervision of authorities.