Paul Bought a Computer for $15,000 for Business Use on March

question 29

Multiple Choice

Paul bought a computer for $15,000 for business use on March 18,2013.This was his only purchase for that year.Paul used the most accelerated depreciation method available,but did not elect Sec.179.Bonus depreciation was not available.Paul sells the machine in 2015.The depreciation on the computer for 2015 is

• A)$0.
• B)$1,440.
• C)$1,500.
• D)$2,880.

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Definitions:

Physical Commodity

Tangible goods that are traded, bought, or sold, such as oil, grain, or metals.

Government Backing

The support or endorsement provided by a government to an entity, which can include financial guarantees, subsidies, or policies beneficial to the entity.

Overvalued

When the market price of an asset exceeds its intrinsic value.

Liquefied Petroleum Gas

A fuel gas made of hydrocarbons like propane and butane, used in heating appliances, cooking equipment, and vehicles.