On October 2,2019,Dave Acquired and Placed into Service 5-Year Business

question 68

Multiple Choice

On October 2,2019,Dave acquired and placed into service 5-year business equipment costing $70,000.No other acquisitions were made during the year.Dave does not apply Sec.179 expensing or bonus depreciation.The depreciation for this year is

• A)$0.
• B)$3,500.
• C)$7,000.
• D)$14,000.

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Definitions:

Hydrogen Sulfide

A toxic, flammable gas with the formula H2S, known for its foul odor of rotten eggs and used in the manufacture of chemicals.

Lewis Structure

A diagram that represents the bonds between atoms and the lone pairs of electrons in a compound.

Water

A chemical compound, H2O, essential for all known forms of life, characterized by its liquid state at room temperature and its ability to dissolve many substances.

Helium

Helium is a chemical element with symbol He and atomic number 2, known as the second lightest and second most abundant element in the observable universe, primarily used in cryogenics and as an inert gas shield in arc welding.