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:

Solve

The process of finding the value(s) that satisfy an equation, inequality, or system of equations.

Solve

To solve an equation means to find all possible values of the variable that make the equation true.

Expression

A combination of symbols that represent a quantity or formula, which can include numbers, variables, and operation symbols.

Solve

To find the value(s) of variable(s) that satisfy an equation, inequality, system of equations, or other mathematical conditions.