Multiple Choice
On October 2,2013,Andres Corporation (a calendar year corporation) purchases and places into service new 7-year business equipment costing $35,000.No other acquisitions are made during the year.If Section 179 expensing is not elected,the maximum cost recovery for 2013 is:
A) $1,250
B) $5,002
C) $7,000
D) $18,125
E) $35,000
Correct Answer:
Verified
Correct Answer:
Verified
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