Wilson Corporation Purchases a Factory Building on September 29,2016,for $4,000,000

question 17

Multiple Choice

Wilson Corporation purchases a factory building on September 29,2016,for $4,000,000 (exclusive of the amount allocated to the land) .It elects the alternative depreciation system (ADS) .What is the 2016 depreciation deduction?

• A)$29,167
• B)$30,000
• C)$42,424
• D)$70,833
• E)$100,000

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Definitions:

Activity Theory

A theoretical framework that examines how human actions are mediated by tools and symbols, emphasizing the context of social and cultural development.

Disengagement Theory

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Late Adulthood

A stage of human development that typically refers to individuals aged 65 and older, often characterized by retirement, life review, and increased focus on health.

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