On October 2, 2018, Dave Acquired and Placed into Service

question 837

Multiple Choice

On October 2, 2018, 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) $7,000.
• B) $3,500.
• C) $14,000.
• D) $0.

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