In 2016,Henry Purchases $210,000 of Equipment with a Useful Life

question 69

Multiple Choice

In 2016,Henry purchases $210,000 of equipment with a useful life of 7 years.The taxable income of the business is $100,000.What is Henry's maximum depreciation deduction in 2016?

• A)$-0-
• B)$42,865
• C)$100,000
• D)$210,000
• E)$115,719

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Definitions:

Psychodiagnosis

Refers to the process of diagnosing psychological conditions and disorders.

Abnormal Behavior

Actions or behaviors that deviate from societal norms or expectations, often associated with psychological disorders.

Eugenics

A controversial science aiming to improve the genetic composition of the human population through selective breeding.

Reproducing

The biological process by which new individual organisms are produced.