Multiple Choice
YumYum Corporation (a calendar-year corporation) moved into a new office building adjacent to its manufacturing plant in 2015.It purchased and placed in service the following assets during 2015: All assets are used 100% for business use.The office building does not include the cost of the land on which it is located that was an additional $300,000.The corporation had $900,000 income from operations before calculating depreciation deductions.YumYum Corporation made any elections available to maximize its overall depreciation deduction for 2015.What is its maximum depreciation deduction on the new automobile in 2015?
A) $3,160
B) $3,460
C) $6,000
D) $11,600
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The after-tax cost of a depreciable asset
Q14: Sanjuro Corporation (a calendar-year corporation)purchased and placed
Q16: In May 2014,Stephen acquired a used automobile
Q17: Allen Corporation acquired 5-year property costing $150,000
Q20: Software purchased in 2015 is eligible for<br>A)MACRS
Q24: Peter received his uncle's coin collection as
Q44: Automobiles are subject to specific limitations on
Q66: In a basket purchase of a group
Q82: What is the purpose of the lease
Q101: Calvin gave his son ABC stock valued