Help with these accounting questions

1. Using higher discount rates,

a. accelerated cost recovery depreciation is more valuable than straight line

b. straight-line depreciation is more valuable than the accelerated cost recovery system of depreciation

c. depreciation policy makes no difference

d. later year depreciation has a higher net PV

2. During the current year, Mindy spends approximately 80 hours of her time in developing budget programs for a church. As a programmer and data analyst, Mindy normally bills her clients at $75 per hour for her time. Mindy also drives her car a total of 500 miles in performing her voluntary work. Mindy's deductible contribution is:

a. 0

b. $70

c. $6000

d. $6070

3. Allison owns 30% of Matte Co, a partnership. Allisons adjusted basis in the partnership is $22000 at the beginning of the current year. During the current year, Allison receives $10000 cash distribution from the partnership. Matte Co reports a $100000 operating loss of the current year. If Allison is a material participant in Matte Co, how much of the partnership loss can she deduct on her income tax return?

a. 0

b. $10,000

c. $12,000

d. $22,000

4. Mary inherits an interest in Laser Partnerhship from her Aunt Lillian during 1999. The fair market value of the interest as of the primary valuation date was $20,000. Aunt Lillians adjusted basis was $12,000. What is Mary's initial basis in the partnership interest?

a. 0

b. $8,000

c. $12,000

d. $20,000

5. For purposes of the relationship test for dependents, all of the following qualify as relatives EXCEPT

a. Stepbrothers

b. Grandparents

c. Nephews

d. Cousins