On July 17, 2012, Kevin Places in Service a Used

question 89

Multiple Choice

On July 17, 2012, Kevin places in service a used automobile that cost $25,000.The car is used 80% for business and 20% for personal use.In 2013, he used the automobile 40% for business and 60% for personal use.Determine the cost recovery recapture for 2013.

• A)$0.
• B)$448.
• C)$2,000.
• D)$2,500.
• E)None of the above.

Grasp how responsibility accounting impacts the control and management of business operations.

Comprehend the principles and methods for allocating operating expenses and service department charges.

Recognize the difference between direct and indirect expenses for department stores.

Understand the various performance measures for investment centers, including income from operations, ROI, and residual income.

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Definitions:

Stress

A physical, mental, or emotional factor that causes bodily or mental tension, stemming from any event or thought that makes you feel frustrated, angry, or anxious.

Social Readjustment Rating Scale

A scale that assigns numerical values to the stress level of different life events, used to assess an individual's risk to stress-related illnesses.

Immune System

The body's defense mechanism against infectious organisms and other invaders, comprising various cells, tissues, and organs that work together to protect the body.

Cortisol

A steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration; it plays a key role in the body's stress response and helps regulate metabolism, immune response, and blood pressure.