On November 3,this Year,Kerry Acquired and Placed into Service 7-Year

question 76

Multiple Choice

On November 3,this year,Kerry acquired and placed into service 7-year business equipment costing $80,000.In addition,on May 5th of this year,Kerry had also placed in business use 5-year recovery property costing $15,000.Kerry did not elect Sec.179 immediate expensing.No other assets were purchased during the year.The depreciation for this year is

• A)$3,606.
• B)$6,606.
• C)$13,576.
• D)$14,432.

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Definitions:

Trademarks

Symbols, words, or phrases legally registered or established by use as representing a company or product.

Trademark Infringement

The unauthorized use of a trademark or service mark (or a substantially similar mark) on competing or related goods and services, leading to confusion among consumers.

Intentionally

The action of doing something deliberately or with specific purpose, often used in legal contexts to determine the level of culpability or responsibility.

Descriptive Term

A word or phrase that describes the characteristics, qualities, or functions of a product, service, or concept.