On October 2,2014,Dave Acquired and Placed into Service 5-Year Business

question 35

Multiple Choice

On October 2,2014,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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Definitions:

Inhaler

A medical device used for delivering medication into the body via the lungs, commonly used to treat asthma and other respiratory conditions.

Anesthetic Gaseous Medication

A type of inhalation drug used to induce anesthesia, rendering a patient unconscious or unable to feel pain during surgical procedures.

Nitrous Oxide

A colorless, non-flammable gas with anaesthetic and analgesic properties, used in surgery and dentistry.

Deep-Breathe

A technique of taking slow, deliberate breaths to the full capacity of the lungs, often used to improve lung function or alleviate stress.