On August 11,2016,Nancy Acquired and Placed into Service Residential Rental

question 26

Multiple Choice

On August 11,2016,Nancy acquired and placed into service residential rental property,which cost $430,000;the cost of the land has been excluded.Nancy annually elects the maximum allowed Sec.179 deduction.The total depreciation for the year is (rounded)

• A)$5,865.
• B)$4,141.
• C)$5,117.
• D)$15,636.

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Definitions:

Self-Control

Restraint exercised over one’s own impulses, desires, or emotions; temperance.

Ignore Conscience

Choosing to act without regard to one's internal sense of right and wrong.

Art And Science

A phrase indicating a blend of creativity and systematic study in a discipline, implying that both intuitive and analytical approaches are valuable.

No More Tact

This phrase suggests a direct or blunt approach, potentially without regard for diplomacy or subtlety in communication.