Solved

Kenrick Is Sole Proprietor of K Enterprises

Question 85

True/False

Kenrick is sole proprietor of K Enterprises.He acquired new computer equipment and office furniture and fixtures for use in his business this year.As a sole proprietor,he can detail the depreciation by reporting directly on Schedule C of Form 1040.(Profit or Loss from Business).

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents