Alice Purchased Office Furniture on September 20, 2016, for $100,000

question 11

Multiple Choice

Alice purchased office furniture on September 20, 2016, for $100,000. On October 10, 2016, she purchased business computers for $80,000. Alice placed all of the assets in service on January 15, 2017. Alice did not elect to expense any of the assets under § 179, did not elect straight-line cost recovery, and did not take additional first-year depreciation. Determine the cost recovery deduction for the business assets for 2017. ​

• A)$6,426
• B)$14,710
• C)$25,722
• D)$30,290
• E)None of the above

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Definitions:

Horticultural Societies

Societies that rely on the cultivation of plants in gardens to provide food, utilizing simple tools and methods rather than large-scale agriculture.

Residence Pattern

A social system that determines where newly married couples reside, such as with the wife's or husband's family, or independently.

Political Organization

The way in which a society structures its political and authority relationships, governing the distribution of power and resources.

Household Type

A classification based on the composition and connections of individuals living within a domestic unit.