In May 2018, Cassie Acquired a Machine for $30,000 to Use

question 1428

Multiple Choice

In May 2018, 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 2018 is

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

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Definitions:

Humility

A personality trait combining self-awareness, appreciating the strengths and contributions of others, and openness to ideas and feedback regarding one’s performance.

Leadership

The act of guiding or influencing a group towards achieving a common goal.

Value

Refers to the importance, worth, or usefulness of something, often influencing personal or organizational decisions and behavior.

Authentic Leader

A leader who is genuine, transparent, and trustworthy in their actions and relationships.