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Alexandra purchased a $35,000 automobile during 2016. The business use was 70 percent. What is the allowable depreciation for the current year? (ignore any possible bonus depreciation)
Small Farms
Agricultural operations characterized by a small land area or low output, often family-owned and operated, focusing on local markets or subsistence farming.
Yeoman Farmers
Independent farmers who owned their own land, primarily in pre-industrial societies, playing a crucial role in the agricultural economy.
Mid-Eighteenth Century
A period referring to the middle of the 18th century, around the 1750s, known for Enlightenment ideas, colonial expansion, and early industrial developments.
Slavery
A system where individuals are owned by others, deprived of personal freedom and forced to perform labor or services against their will.
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