Data,IncPurchased Some Fixed Assets 4 Years Ago at a Cost

question 45

Multiple Choice

Data,Inc.purchased some fixed assets 4 years ago at a cost of $21,650 and is selling them today at a price of $4,500.The assets are classified as 5-year property for MACRS.The MACRS table values are 0.2000,0.3200,0.1920,0.1152,0.1152,and 0.0576 for Years 1 to 6,respectively.What is the current book value of these assets?

• A)$1,247.04
• B)$3,741.12
• C)$6,309.19
• D)$4,016.67
• E)$8,420.02

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Definitions:

Work to Rule Campaign

A form of industrial action in which workers perform their tasks exactly to the specifications of their contracts, refusing to do any more, often to slow down production or services as a protest.

Neutral Third-party

An unbiased individual or entity involved in resolving a dispute or negotiation, not favoring either side involved in the conflict.

Dispute Resolution

Methods and procedures that are used to resolve conflicts or disagreements among parties, which can include negotiation, mediation, and arbitration.

Strike Replacements

Workers hired by an employer to perform the duties of striking employees during a labor dispute, often to maintain operations.