In February 2018, Dante acquired a new car costing $82,000. He used the car 80% in his sole proprietorship. Assuming Dante does not claim Sec. 179 or bonus depreciation, Dante's maximum depreciation deduction allowable for the car will be
A. $8,000.
B. $14,400.
C. $10,000.
D. $13,120.
Answer: A
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A. Inter-client B. Organization/client C. Horizontal D. Vertical E. Person/role
The income statement shows:
A) how much profit the company has earned since it began operations. B) net income equal to the amount of cash on the balance sheet. C) a summary of the results of operations for a period of time. D) the liquidity of the company on an annual basis
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A) $71,500 B) $80,500 C) $64,500 D) $55,500
Because some countries have looser environment regulations, what legal relief is available in order to level the playing field?
a. International dispute resolution b. Import bans c. Multilateral treaties d. All of the above