The Only Asset Bill Purchased During 2012 Was a New

question 18

Multiple Choice

The only asset Bill purchased during 2012 was a new seven-year class asset.The asset, which was listed property, was acquired on June 17 at a cost of $50,000.The asset was used 40% for business, 30% for the production of income, and the rest of the time for personal use.Bill always elects to expense the maximum amount under § 179 whenever it is applicable.The net income from the business before the § 179 deduction is $100,000.Determine Bill's maximum deduction with respect to the property for 2012.

• A)$1,428.
• B)$2,499.
• C)$26,749.
• D)$33,375.
• E)None of the above.

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Definitions:

Jungian Analytic Interventions

Therapeutic techniques based on Carl Jung's theories, emphasizing the exploration of the unconscious, dreams, and personal archetypes to foster psychological development.

Synchronistic Events

Simultaneous occurrences that are meaningfully related, yet not causally connected, often viewed in the context of psychoanalysis and spirituality.

Pathologizing

Pathologizing is the process of viewing or treating behaviors, thoughts, or emotions as indicative of a psychological disorder or illness.

Unconscious Conflicts

Internal struggles in a person's mind that they are not aware of but that influence behaviors and emotions.