On October 2,2015,Dave Acquired and Placed into Service 5-Year Business

question 1

Multiple Choice

On October 2,2015,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.The depreciation for this year is using the most accelerated method possible is

• A)$0.
• B)$3,500.
• C)$7,000.
• D)$10,003.

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