On October 2,2016,Dave Acquired and Placed into Service 5-Year Business

question 36

Multiple Choice

On October 2,2016,Dave acquired and placed into service 5-year business equipment costing $70,000.No other acquisitions were made during the year.Dave does not use Sec.179 expensing,and the property does not qualify for bonus depreciation.The depreciation for this year is using the most accelerated method possible is

• A)$0.
• B)$3,500.
• C)$7,000.
• D)$14,000.

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Definitions:

Celibacy

The voluntary abstention from marriage and sexual relations, often for religious or spiritual reasons.

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Progress and innovations in technology that lead to new products, efficiencies, or capabilities, often transforming societies and economies.

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