On November 7, a calendar year business placed in service $900,000 of 3-year recovery property. If this was the only property placed in service during the year, MACRS depreciation is computed using the:

A. Mid-year convention
B. Daily pro-ration method
C. Mid-month convention
D. Mid-quarter convention


Answer: D

Business

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Which of the following is not an essential element in a product liability case based on negligence?

A) The defendant manufacturer owed a duty of care to the plaintiff. B) The defendant breached the duty of care. C) The plaintiff suffered actual, compensable injury. D) The defendant intended to cause the plaintiff harm.

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16-year-old Green bought a car that he later wanted to return for a full refund. If the dealer refuses a court is likely to hold that:

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The primary purpose for attackers to send port scanning probes to hosts is to identify which ports are open

Indicate whether the statement is true or false.

Business