Multiple Choice
On November 3rd of this year,Kerry acquired and placed into service 7-year business equipment costing $80,000.In addition,on May 5th of this year,Kerry had also placed in business use 5-year recovery property costing $15,000.Kerry did not elect Sec.179 immediate expensing,and the assets are not eligible for bonus depreciation.No other assets were purchased during the year.The depreciation for this year is
A) $3,606.
B) $6,606.
C) $13,576.
D) $14,432.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: During the year 2017,a calendar-year taxpayer,Marvelous Munchies,a
Q11: In April of 2016,Brandon acquired five-year listed
Q13: Richards Corporation reports taxable income exceeding $1.5
Q17: Maria,a sole proprietor,has several items of office
Q20: MACRS recovery property includes tangible personal and
Q31: The mid-quarter convention applies to personal and
Q37: In computing MACRS depreciation in the year
Q41: Costs that qualify as research and experimental
Q65: Atiqa took out of service and sold
Q87: The straight-line method may be elected for