D&R Company, a Calendar Year Corporation, Purchased $1,116,000 of Equipment

question 82

Multiple Choice

D&R Company, a calendar year corporation, purchased $1,116,000 of equipment on August 3. This was D&R's only purchase of depreciable property for the year. If the equipment has a 7-year recovery period, refer to Table 7.2 and compute D&R's first and second-year MACRS depreciation. (Disregard the Section 179 deduction and bonus depreciation in making your calculation.) Use Table 7-2.

• A) First year $79,738; second year $273,308
• B) First year $159,476; second year $273,308
• C) First year $159,476; second year $234,253
• D) None of these choices are correct

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Definitions:

Solution-Focused Therapy

A short-term therapeutic approach that encourages clients to focus on their desired future outcomes rather than dwelling on past problems or failures.

Brief Therapy

A form of psychotherapy that is characterized by a limited number of sessions aimed at resolving a specific problem or issue.

Narrative Therapists

Professionals who practice narrative therapy, a form of psychotherapy that encourages people to use storytelling to make sense of their lives and challenges.

Anti-Realists

Philosophical stance that rejects the notion that the existence of certain entities or states of affairs is independent of human perception or understanding.