Rand Company Purchases and Places into Service a Company Automobile

question 5

Multiple Choice

Rand Company purchases and places into service a company automobile costing $40,000 in April 2016.What is the 2016 depreciation deduction on the auto?

• A)$2,960
• B)$7,200
• C)$8,000
• D)$11,160
• E)$40,000

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Definitions:

Functionalism

stresses that human behaviour is governed by relatively stable social structures. It underlines how social structures maintain or undermine social stability, emphasizes that social structures are based mainly on shared values or preferences, and suggests that re-establishing equilibrium can best solve most social problems.

Military Intervention

The act of a nation deploying its military forces to enter another territory with the aim of achieving specific political or military objectives.

Land Reform

A government-initiated process of redistributing land, typically from those who own large amounts to those with little or none, with the goal of improving equity and productivity.

Commercial Interests

Activities, decisions, or endeavors driven by the desire to generate profit or financial gain, typically within a business context.