Mountain View Development Co

question 84

Multiple Choice

Mountain View Development Co.purchases a new high volume paper shredder for use in their document management department for $20,000 on November 7 of 2013.It was the only piece of depreciable property placed in service during 2013.The paper shredder is 7-year MACRS property,the Section 179 election to expense was not exercised,and it elected out of bonus depreciation.What is Mountain View's 2013 depreciation deduction on the paper shredder?

• A)$714
• B)$2,498
• C)$2,812
• D)$2,980

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Definitions:

Numeric Amount

A figure or value expressed in numbers, representing quantity or magnitude.

Electronic Check

A digital version or representation of a paper check, used to make electronic payments directly from a checking account.

Checking Account

A bank account that allows the account holder to withdraw funds, write checks, and make electronic transactions.

Via The Internet

The process or method of accessing information or services using the internet.