On January 3,2011,John Acquired and Placed into Service Business Tools

question 4

Multiple Choice

On January 3,2011,John acquired and placed into service business tools costing $10,000.The tools have a 3-year class life.No other assets were purchased during that year.The depreciation in 2014 for those tools is (Sec.179 and bonus depreciation were not applied)

• A)$0.
• B)$741.
• C)$1,920.
• D)$3,333.

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Definitions:

Target Shareholders

Individuals or entities that own shares in a company that is the subject of a merger or acquisition proposal.

Self-Tender Offer

A takeover-resistance strategy in which a target corporation offers to buy its shareholders’ stock.

Leveraged Buyout

The acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition.

Target Corporation

A large American retail company that operates large-box department stores across the United States.