Wilson Corporation Purchases a Factory Building on September 29,2013,for $4,000,000

question 97

Multiple Choice

Wilson Corporation purchases a factory building on September 29,2013,for $4,000,000 (exclusive of the amount allocated to the land) .It elects the alternative depreciation system (ADS) .What is the 2013 depreciation deduction?

• A)$ 29,167
• B)$ 30,000
• C)$ 42,424
• D)$ 70,833
• E)$100,000

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Definitions:

Diagnostic and Statistical Manual

A publication by the American Psychiatric Association that provides a comprehensive classification of mental disorders.

Paraphilic Urge

A strong or persistent desire characterized by unusual or deviant sexual interests.

Sexual Interest

An inclination to behave sexually.

Genital Stimulation

The act of physically touching or applying pressure to the genital areas to achieve sexual arousal and possibly orgasm.