In April 2016,Emma Acquired a Machine for $60,000 for Use

question 12

Multiple Choice

In April 2016,Emma acquired a machine for $60,000 for use in her business.The machine is classified as 7-year property.Emma does not expense the asset under Sec.179,and it is not eligible for bonus depreciation.Emma's depreciation on the machine this year is

• A)$30,000.
• B)$60,000.
• C)$6,428.
• D)$8,574.

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Definitions:

Acetyl CoA

A molecule that plays a key role in metabolism, serving as a substrate for the Krebs cycle in energy production.

Oxaloacetate

A four-carbon molecule that plays a significant role in the citric acid cycle (Krebs cycle) and gluconeogenesis.

Glycolysis

A metabolic pathway that breaks down glucose to pyruvate, releasing energy and forming ATP and NADH, occurring in the cytosol of cells.

Citric Acid Cycle

A sequence of biochemical processes undergone by every organism that uses oxygen to produce energy by oxidizing acetate, which comes from carbohydrates, fats, and proteins.