Beth's Business Purchased Only One Asset During the Current Year

question 3

Multiple Choice

Beth's business purchased only one asset during the current year (a full 12-month tax year) . On December 1 Beth placed in service machinery (seven-year property) with a basis of $75,000. Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation) . (Use MACRS Table 2.) (Round final answer to the nearest whole number.)

• A)$2,678
• B)$3,750
• C)$10,717
• D)$15,000
• E)None of the choices are correct.

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Definitions:

Monomer

A small molecule that can react with similar or different molecules to form a polymer.

Cationic Polymerization

A type of polymerization where the growing polymer chain carries a positive charge, often initiated by an electrophilic compound.

Benzoyl Peroxide

Benzoyl peroxide is an organic compound used primarily as an acne treatment, known for its antibacterial properties, with the formula (C6H5CO)2O2.

Free-radical Polymerization

A method of polymerization where a polymer forms by the successive addition of free-radical building blocks.