Alice Purchased Office Furniture on September 20, 2018, for $100,000

question 43

Multiple Choice

Alice purchased office furniture on September 20, 2018, for $100,000.On October 10, 2018, she purchased business computers for $80,000.Alice placed all of the assets in service on January 15, 2019.She 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 2019.

• A)$6,426
• B)$14,710
• C)$25,722
• D)$30,290

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Definitions:

Federal Government

The national government of a federated state, which holds the authority over the political system's broad functions.

Whigs and Democrats

Two major political parties in the United States during the 19th century, with the Whigs supporting modernization and federal government power and the Democrats often advocating for states’ rights and rural interests.

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The body of voters or residents in a specified area who elect a representative to a legislative or other public office.