Multiple Choice
Enrico is a self-employed electrician.In May of the current year,Enrico acquired a used van (5-year property) for $12,000.He used the van 80% for business and 20% for personal purposes.Enrico does not apply Sec.179 or bonus depreciation.The maximum depreciation deduction for the van is
A) $1,200.
B) $2,400.
C) $6,720.
D) $1,920.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Fariq purchases and places in service in
Q2: In April 2019,Emma acquired a machine for
Q4: A client placed three new business assets
Q5: William purchases nonresidential real property costing $300,000
Q6: Joan bought a business machine for $15,000.In
Q7: A client placed $2,800,000 of five-year equipment
Q8: Ilene owns an unincorporated manufacturing business.In 2019,she
Q9: The MACRS system requires that residential rental
Q10: Under the MACRS system,the same convention that
Q11: Under the MACRS system,depreciation rates for real