On October 2,2013,Andres Corporation (A Calendar Year Corporation)purchases and Places

question 38

Multiple Choice

On October 2,2013,Andres Corporation (a calendar year corporation) purchases and places into service new 7-year business equipment costing $35,000.No other acquisitions are made during the year.If Section 179 expensing is not elected,the maximum cost recovery for 2013 is:

• A)$1,250
• B)$5,002
• C)$7,000
• D)$18,125
• E)$35,000

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