Multiple Choice
Chestnut Furniture Company purchases a delivery van on June 14,2016,at a cost of $30,000.The delivery van has a 5-year MACRS life and an ADS recovery period of 5 years.What is Chestnut's minimum cost recovery deduction on the van in 2016?
A) $- 0 -
B) $3,000
C) $4,500
D) $6,000
E) $26,850
Correct Answer:
Verified
Correct Answer:
Verified
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