On May 30, 2016, Jane Purchased a Factory Building to Use

question 3

Multiple Choice

On May 30, 2016, Jane purchased a factory building to use for her business. In August 2017, Jane paid $300,000 for improvements to the building. Determine Jane's total deduction with respect to the building improvements for 2017.

• A)$2,889
• B)$4,173
• C)$4,815
• D)$25,000
• E)None of the above

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Definitions:

On-Delay Timer

An electromechanical relay with contacts that change state a predetermined time period after the coil is energized; the contacts return to their shelf state immediately on de-energization of the coil; also, a programmable logic controller instruction that emulates the operation of the electromechanical on-delay timer.

Ladder Rung

A horizontal section of a ladder logic diagram, representing a specific logic operation in PLC programming.

Off-Delay Timer

An electromechanical relay with contacts that change state a predetermined time period after power is removed from its coil; on re-energization of the coil, the contacts return to their shelf state immediately; also, a programmable logic controller instruction that emulates the operation of the electromechanical off-delay relay.

Ladder Rung

A single line of logic in a ladder diagram that equates to a control circuit, usually comprised of inputs and outputs represented by symbols.