Belinda purchases a computer system costing $6,000. During the current year, 70% of the use of the computer is for keeping the books and records of her Plasticware business, 20% of the use is for tracking her investments, and 10% of the use is personal. Explain the treatment of the computer according to the income tax concepts.

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The Answer of Belinda purchases a computer system costing $6,000. During the current year, 70% of the use of the computer is for keeping the books and records of her Plasticware business, 20% of the use is for tracking her investments, and 10% of the use is personal. Explain the treatment of the computer according to the income tax concepts.

Belinda Purchases a Computer System Costing $6,000