Examlex
Rustin bought used 7-year class property on May 15,2011,for $800,000.Rustin elects § 179 and straight-line cost recovery.Rustin's taxable income would not create a limitation for purposes of the § 179 deduction.Rustin elects not to take additional first-year depreciation.Determine the write-off Rustin can take in 2011.
Average Total Cost
The total cost divided by the number of goods produced, indicating the per unit cost of production.
Pure Monopoly
A market structure wherein a single company or entity exclusively supplies a particular product or service, facing no competition.
Allocative Efficiency
A state of resource allocation in which it is impossible to make one individual better off without making at least one individual worse off.
Short Run
A term in economics referring to a time frame in which certain resources, particularly capital, are fixed and cannot be adjusted.
Q22: Once the more-than-50% business usage test is
Q29: The tax law specifically provides that a
Q42: Bridgett's son,Hubert,is $6,000 in arrears on his
Q57: Assuming an activity is deemed to be
Q63: Alicia was involved in an automobile accident
Q85: A loss on the sale of a
Q93: Kitty runs a brothel (illegal under state
Q109: For the current year,Horton was employed as
Q113: Susan purchased an annuity for $200,000.She is
Q147: LD Partnership,a cash basis taxpayer,purchases land and