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:

Self-Transcendence

The process of moving beyond personal concerns and ego to achieve a higher state of consciousness and understanding of the universe.

Optimum Arousal

A psychological theory suggesting there is a level of arousal or stimulation at which performance, learning, or motivation is maximized.

Secretion

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

PYY

PYY, or peptide YY, is a hormone produced in the gut in response to eating, which has been linked to reducing appetite and inhibiting food intake.