On June 1, 2017, Gabriella Purchased a Computer and Peripheral

question 24

Essay

On June 1, 2017, Gabriella purchased a computer and peripheral equipment (five-year property) for $25,000. She used the assets 40% for business, 50% for the production of income, and 10% for personal use. These are the only assets Gabriella purchased during the current year. Determine her total cost recovery deduction for the current year.

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Definitions:

Pygmalion Effect

The phenomenon where higher expectations lead to an increase in performance.

Michelangelo Effect

The phenomenon where close partners support one another towards achieving their ideal selves, inspired by Michelangelo's idea of sculpting to reveal the ideal form within.

Self-Fulfilling Prophecy

The process whereby expectations about a person cause him or her to behave in ways that confirm the expectations.

Impression Formation

The psychological process by which individuals form judgments and evaluations of others based on available information and personal biases.