Nancy Purchased a Computer on July 15,2016,for $5,000

question 35

Essay

Nancy purchased a computer on July 15,2016,for $5,000.The computer was used 70% of the time in her business and the rest of the time her children used the computer to surf the Web.In 2017,the computer was used 40% for business and 60% for personal use.What are the cost recovery deductions for 2016 and 2017? No §179 or bonus).Is there any recapture of depreciation in 2017?

---

Definitions:

High-power-distance Culture

A culture or societal structure where there is acceptance of unequal power distribution, authority, and hierarchy within organizations or society.

Individualistic Culture

Characterizes societies where the ties between individuals are loose and everyone is expected to look after themselves and their immediate family only.

Monochronic Culture

Cultures where time is viewed linearly, with a focus on scheduling, punctuality, and doing one thing at a time.

Specific Agenda

A detailed plan or list of items to be discussed, addressed, or accomplished in a meeting or event.