On November 3rd of This Year,Kerry Acquired and Placed into Service

question 10

Multiple Choice

On November 3rd of this year,Kerry acquired and placed into service 7-year business equipment costing $80,000.In addition,on May 5th of this year,Kerry had also placed in business use 5-year recovery property costing $15,000.Kerry did not elect Sec.179 immediate expensing,and the assets are not eligible for bonus depreciation.No other assets were purchased during the year.The depreciation for this year is

• A)$3,606.
• B)$6,606.
• C)$13,576.
• D)$14,432.

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Definitions:

Point H

Similar to Point P, Point H likely refers to a specific position on a graph, chart, or mathematical diagram, indicating a particular data point or condition.

Scarcity

A fundamental economic problem of having seemingly limitless human wants in a world of limited resources.

Choices

Decisions made by individuals or organizations among two or more alternatives.

Resources

The total means available for economic and political development, such as minerals, labor force, and financial wealth.