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 30% for business.The maximum depreciation deduction for the van is
A) $360.
B) $720.
C) $2,400.
D) $1,980.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q12: All of the following are true with
Q17: In May 2017,Cassie acquired a machine for
Q21: On June 30,2017,Temika purchased office furniture (7-year
Q23: Most taxpayers elect to expense R&E expenditures
Q26: In January of 2017,Brett purchased a Porsche
Q28: The Section 179 expensing election is available
Q40: Under the MACRS rules,salvage value is not
Q55: Unless an election is made to expense
Q58: If the business use of listed property
Q1256: Why would a taxpayer elect to use