Multiple Choice
On October 2,2019,Dave acquired and placed into service 5-year business equipment costing $70,000.No other acquisitions were made during the year.Dave does not apply Sec.179 expensing or bonus depreciation.The depreciation for this year is
A) $0.
B) $3,500.
C) $7,000.
D) $14,000.
Correct Answer:
Verified
Correct Answer:
Verified
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