The only asset bill purchased during 2017 was a new seven-year class asset. the asset, which was listed property, was acquired on june 17 at a cost of $50,000. the asset was used 40% for business, 30% for the production of income, and the rest of the time for personal use. bill always elects to expense the maximum amount under § 179 whenever it is applicable. the net income from the business before the § 179 deduction is $100,000. determine bill's maximum deduction with respect to the property for 2017.
a. $1,428
b. $2,499
c. $26,749
d. $33,375
e. none of the above

Moon flower cosmetics company executives are aware that their asian customer base is interested in advanced skin care treatments beyond moon flower's traditional herbal and organic compounds. moon flower and a large american chemical company are in discussions to create a 50-50 partnership in a new firm, which would create skin care treatments based on innovative chemical formulations that would be marketed both in asia and in the united states. beyond being a cross-border alliance, this partnership can be called a(n)a. nonequity strategic alliance. b. joint venture. c. horizontal complementary alliance. d. equity strategic alliance.