On January 3,2010,John Acquired and Placed into Service Business Tools

question 26

Multiple Choice

On January 3,2010,John acquired and placed into service business tools costing $10,000.The tools have a 3-year class life.No other assets were purchased during that year.The depreciation in 2013 for those tools is (Sec.179 and bonus depreciation were not applied)

• A)$-0-.
• B)$741.
• C)$1,920.
• D)$3,333.

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Definitions:

Transactions

The actions conducted between parties to buy, sell, or exchange goods, services, or financial instruments, typically recorded and mediated through various means.

Digital Communication

The transmission of information using digital technologies and media platforms, such as email, social media, and mobile applications.