Wilson Corporation Purchases a Factory Building on September 29, 2014

question 33

Multiple Choice

Wilson Corporation purchases a factory building on September 29, 2014, for $4,000,000 exclusive of the amount allocated to the land) . It elects the alternative depreciation system ADS) . What is the 2014 depreciation deduction?

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