Harrison Acquires $65,000 of 5-Year Property in June 2013 That

question 6

Multiple Choice

Harrison acquires $65,000 of 5-year property in June 2013 that is required to be depreciated using the mid-quarter convention (because of other purchases that year) .He did not elect Sec.179 immediate expensing.Bonus depreciation was not available.If Harrison sells the property on August 23,2015,what is the amount of depreciation claimed in 2015?

• A)$6,500.00
• B)$7,312.50
• C)$11,700.00
• D)$9,289.00

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Definitions:

Engage

To participate or become involved in an activity or interaction.

Machiavellianism

A philosophy that describes people who manipulate others and use unethical practices for personal gain.

Manipulated

Being controlled or influenced in an unfair or dishonest way.

High Levels

Refers to a state or condition of exceeding average or normal ranges, which can apply to various contexts such as performance, intensity, or degree.