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:

Earth Layers

The division of Earth's structure into distinct layers, including the crust, mantle, outer core, and inner core, each with its unique composition and physical properties.

Bedrock

The solid rock layer beneath surface soils or sediments, serving as a foundation for the Earth's landscape.

Moss

A small, flowerless green plant that typically grows in dense green clumps or mats, often in damp or shady locations.

Lichen

Symbiotic organisms comprised of a fungus and a photosynthetic partner (usually an alga or cyanobacteria) living together in a mutually beneficial relationship.