Daniel Purchases 5-Year Class Listed Property (A Computer)on March 2,2017,for

question 37

Multiple Choice

Daniel purchases 5-year class listed property (a computer) on March 2,2017,for $30,000.It is used 75% for business,and the remainder for personal use.Daniel wishes to maximize his 2017 depreciation deduction.What is Daniel 's 2017 depreciation deduction?

• A)$2,250
• B)$2,700
• C)$3,375
• D)$4,500
• E)$6,000

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Definitions:

Execution Searches

Investigations conducted to determine if there are any outstanding legal judgments or executions against a property or individual.

Zoning Searches

Investigations into the zoning regulations applicable to a particular parcel of real estate to determine permissible uses.

Environmental Audit

A systematic, documented examination and evaluation of a facility's or organization’s environmental performance.

Title Search

A legal check on the history of ownership of a property to ensure there are no liens, encumbrances, or legal issues before its purchase.