Rand Company Purchases and Places into Service a Company Automobile

question 55

Multiple Choice

Rand Company purchases and places into service a company automobile costing $40,000 in April 2015.What is the 2015 depreciation deduction on the auto?

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

---

Definitions:

Organization Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business or organization.

Ingratiation

A psychological technique aimed at making oneself more likable or favorable to others by means of flattery or other forms of manipulation.

Well-deserved Flattery

Genuine praise given to someone based on their actual achievements or qualities.

Rational Persuasion

A method of influencing others through the use of logical arguments and factual evidence.