Multiple Choice
On November 3,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.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
Q6: Joan bought a business machine for $15,000.In
Q10: Under the MACRS system,the same convention that
Q14: If the business usage of listed property
Q41: Costs that qualify as research and experimental
Q71: Cate purchases and places in service property
Q72: In May 2015,Cassie acquired a machine for
Q73: Galaxy Corporation purchases specialty software from a
Q74: On May 1,2012,Empire Properties Corp.,a calendar year
Q78: On January 1,2015,Charlie Corporation acquires all of
Q1256: Why would a taxpayer elect to use