On November 3rd of This Year,Kerry Acquired and Placed into Service

question 86

Multiple Choice

On November 3rd of 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 apply Sec.179 immediate expensing or bonus depreciation.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:

Self-Disclosure

The sharing of information about oneself.

Xiao

In Confucian philosophy, the virtue of filial piety or respect towards one’s parents and ancestors.

Social Interdependence

A theory suggesting that the outcomes for individuals in any situation are determined by the actions and decisions of others, emphasizing the importance of cooperative goals over competitive ones.

Individualistic Cultures

Societies that emphasize personal achievements, independence, and a self-oriented focus, as opposed to collective goals and interdependence.