James Purchased a New Business Asset (Three-Year Personalty) on July

question 32

Multiple Choice

James purchased a new business asset (three-year personalty) on July 23, 2012, at a cost of $40,000.James takes additional first-year depreciation Determine the cost recovery deduction for 2012.

• A)$8,333.
• B)$26,666.
• C)$33,333.
• D)$41,665.
• E)None of the above.

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Definitions:

Appropriate Bargaining Unit

A group of employees with a clear and identifiable community of interests, recognized by a labor organization or by legal authorities, as being suitable for collective bargaining purposes.

Supervisory

Relating to a role or position with the authority to oversee and direct the work of others, often within a workplace setting.

Managerial Exclusions

Categories of employees who are excluded from union membership or protection because they are considered part of management.

Dissatisfied Workers

Employees who are unhappy or discontent with their job conditions, compensation, work-life balance, or relationship with management, potentially leading to reduced productivity.