Under efficient operating conditions, all spoilage is considered to be abnormal spoilage

A homeowner bought his home for $150,000. Ten years later, he refinanced his mortgage and borrowed $100,000. Which of the following is true for this type of property?

A. Interest on the difference between the original loan amount and the refinanced amount is not deductible B. Interest on only half of the difference between the original amount and refinanced amount is deductible C. Interest on loans such as this one for the purchase or refinance of a principal residence is deductible D. Interest deductibility will depend on the borrower's tax bracket

________ is the ability to influence someone with something of value

Fill in the blanks with correct word