Multiple Choice
Mountain View Development Co.purchases a new high volume paper shredder for use in their document management department for $20,000 on November 7 of 2016.It was the only piece of depreciable property placed in service during 2016.The paper shredder is 7-year MACRS property,the Section 179 election to expense was not exercised.What is Mountain View's 2016 depreciation deduction on the paper shredder?
A) $714
B) $2,498
C) $2,812
D) $2,980
Correct Answer:
Verified
Correct Answer:
Verified
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