Poplock LLC Purchased a Warehouse and Land During the Current

question 118

Multiple Choice

Poplock LLC purchased a warehouse and land during the current year for $350,000. The purchase price was allocated as follows: $275,000 to the building and $75,000 to the land. The property was placed in service on August 12. Calculate Poplock's maximum depreciation for this first year. (Use MACRS Table 5.) (Round final answer to the nearest whole number.)

• A)$2,648
• B)$3,371
• C)$3,751
• D)$4,774
• E)None of the choices are correct.

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Definitions:

Frequency of Sales Calls

The number of times sales representatives contact prospects or customers within a given period to promote their products or services.

Development Sales Territories

The process of organizing and dividing a geographical area or market into specific segments or territories for more efficient sales management and targeting.

Inefficient

Lacking in effectiveness or the ability to produce a desired outcome without wasting materials, time, or energy.

Networking

The act of interacting with others to exchange information and develop professional or social contacts.