Errors, Errata and Corrections
Dear Students,
Welcome to the "Errata and Corrections" section for our textbook, "Profitable Business Returns." This page is dedicated to listing any identified errors or discrepancies found in the printed version of the book. Please note that the online version has been updated to include the necessary corrections.
We understand the importance of accuracy in our educational materials and strive to maintain the highest quality possible. As you come across any errors in the printed textbook, this page will provide the corresponding corrections to ensure you have the most reliable information.
Thank you for your understanding and your commitment to continuous learning.
Best regards,
Ken Bostrom
Director of Education and Operations
Universal Accounting Center
Page 4.19
Calculate depreciation in the following order and subject to the following limits:
1 . Calculate depreciation on the old property (vehicle) for year of disposition, limited to the smaller of the old property’s §280F limit or the new property’s §280F limit . Per Publication 463, if you dispose of the vehicle in years 2 through 5 and the half-year convention applies, then the full year's depreciation amount must be divided by 2. If the mid-quarter convention applies, multiple the full year's depreciation by the following percentage for the quarter that you dispose of the car:
First quarter 12.5%
second 37.5%
third 62.5%
fourth 87.5%
Page 4.40
Changes to answer sheet. Year Four should be $2,328
Section 2 Year four was changed to $2,328