On June 1,2010,Gabriella Purchased a Computer and Peripheral Equipment (Five-Year

question 45

Essay

On June 1,2010,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:

Confidentiality

The ethical or legal duty to keep someone's information private, shared only with individuals or entities authorized to receive it.

Physically Safeguarded

Measures taken to protect an individual or object from harm or damage involving physical means.

Agenda

A list, plan, outline, or the like, of things to be done, matters to be acted or voted upon, etc.

Writing

The process of utilizing symbols (letters of the alphabet, punctuation, and spaces) to communicate thoughts and ideas in a readable form.