In May 2019,Cassie Acquired a Machine for $30,000 to Use

question 76

Multiple Choice

In May 2019,Cassie acquired a machine for $30,000 to use in her business.The machine is classified as 5-year property.Cassie does not expense the property under Sec.179 or bonus depreciation.Cassie's depreciation on the machine for 2019 is

• A)$3,000.
• B)$6,000.
• C)$12,000.
• D)$15,000.

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Definitions:

Family Care Giving

The act of providing physical, emotional, or financial support to relatives who are aging, ill, or disabled, often involving significant personal sacrifice.

Routine

A set sequence of actions regularly followed, especially one's daily procedures or habits.

Ongoing Activities

Continuous or regularly occurring actions or operations within a certain period.

Formal Support Systems

Organized groups or institutions that provide social, emotional, or financial support services to individuals and families.