An apartment owner was figuring his net income for income tax purposes. He took the gross income and deducted certain expenses. Of the ones listed below, which could he not deduct:
A: Depreciation;
B: Interest on loan for purpose of purchasing the property;
C: Management expenses;
D: Cost of a fence.
Ans: D: Cost of a fence.
Business
You might also like to view...
A(n) _____ is the channel used to convey a message to a target market
a. medium b. product network c. attribute d. appeal
Business
Within the three-step writing process, which of the following is not part of the four essential strategies for persuasive messages?
A) Framing your arguments B) Analyzing the audience C) Balancing emotional and logical appeals D) Reinforcing your position E) Anticipating objections
Business