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    Concepts in Federal Taxation
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    Exam 10: Cost Recovery on Property: Depreciation, depletion, and Amortization
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    Wilson Corporation Purchases a Factory Building on September 29,2016,for $4,000,000
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Wilson Corporation Purchases a Factory Building on September 29,2016,for $4,000,000

Question 17

Question 17

Multiple Choice

Wilson Corporation purchases a factory building on September 29,2016,for $4,000,000 (exclusive of the amount allocated to the land) .It elects the alternative depreciation system (ADS) .What is the 2016 depreciation deduction?


A) $29,167
B) $30,000
C) $42,424
D) $70,833
E) $100,000

Correct Answer:

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