Which of the following is not considered listed property for purposes of determining the taxpayers depreciation deduction? a. A computer
Question:
Which of the following is not considered listed property for purposes of determining the taxpayer’s depreciation deduction?
a. A computer used exclusively by the taxpayer in managing his investment portfolio
b. An automobile used 40 percent by an employee in providing services to his employer
c. A computer used by a bank executive, on the bank premises, in performing services as an employee
d. A computer used by a taxpayer 40 percent in managing her investment portfolio and 20 percent in her business as an accountant
e. None of the above
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Step by Step Answer:
Related Book For
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
Question Details
Chapter #
7
Section: Multiple Choice Questions
Problem: 13
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Question Posted: August 28, 2023 05:45:10