Solved

On January 3,2016,John Acquired and Placed into Service Business Tools

Question 29

Multiple Choice

On January 3,2016,John acquired and placed into service business tools costing $10,000.The tools have a 3-year class life.No other assets were purchased during that year.The depreciation in 2019 for those tools is (Sec.179 and bonus depreciation were not applied)


A) $0.
B) $741.
C) $1,920.
D) $3,333.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions