Momee Corporation, a Calendar-Year Corporation, Bought Only One Asset in 2014

question 19

Multiple Choice

Momee Corporation, a calendar-year corporation, bought only one asset in 2014, a crane it purchased for $700,000 on November 24.It disposed of the asset in April, 2019.What is its depreciation deduction for this asset in 2019 if cost recovery was determined using only regular MACRS?

• A)$62,510
• B)$61,110
• C)$31,255
• D)$22,916

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