Multiple Choice
In May 2019,Cassie acquired a machine for $30,000 to use in her business.The machine is classified as 5-year property.Cassie does not expense the property under Sec.179 or bonus depreciation.Cassie's depreciation on the machine for 2019 is
A) $3,000.
B) $6,000.
C) $12,000.
D) $15,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q71: Arthur uses a Chevrolet Suburban (GVWR 7,500
Q72: In February 2019,Pietra acquired a new automobile
Q73: Galaxy Corporation purchases specialty software from a
Q74: On January 1 of the current year,Dentux
Q75: Depreciable property includes business,investment,and personal-use assets.
Q77: A purchaser of the assets of a
Q78: In April of 2018,Brandon acquired equipment which
Q79: With respect to options to accelerate depreciation
Q80: The basis of an asset must be
Q81: Paul bought a computer for $15,000 for