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

question 85

Multiple Choice

Beth's business purchased only one asset during the current year (a full 12-month tax year) .Beth placed in service machinery (7-year property) on December 1 with a basis of $50,000.Calculate the maximum depreciation expense (ignoring §179 and bonus depreciation) .(Use MACRS Table 2 in the text)

• A) $1,785.
• B) $2,500.
• C) $7,145.
• D) $10,000.
• E) None of the choices are correct.

---

Definitions:

Animal Species

Animal species refers to a group of organisms belonging to the animal kingdom that share common characteristics and genetics which differentiate them from other groups within the same kingdom.

Nervous System

A sophisticated system of neurons and synaptic connections that conveys neural signals throughout the body.

Complexity

A measure of the number of components in a system and the number of interrelationships among those components.

Organisms

Living beings, ranging from microscopic entities like bacteria to complex structures like humans and plants.