Serena Owns a Van That She Paid $22,000 for in 2010

question 86

Multiple Choice

Serena owns a van that she paid $22,000 for in 2010 and used exclusively for personal purposes until May 9,2015,when she began using the van in her plumbing business.On May 9,2015,a comparable van was selling for $13,000.Serena sells the van on October 28,2017.Assuming that the van is 5-year MACRS property,it is not listed property,and that Serena did not make the Section 179 election to expense on the van,what is her allowable depreciation deduction in 2017?

• A)$749
• B)$1,248
• C)$1,267
• D)$2,112
• E)$2,496

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Definitions:

Motivation To Change

The drive or willingness of individuals or groups to alter their behavior, attitudes, or beliefs in response to external or internal pressures.

Opportunity To Change

The possibility or potential for modification, transformation or transitioning from one state or condition to another.

Motivation

The internal drive or external incentive that stimulates an individual to act towards achieving a goal.

Capability

The ability or qualities necessary to do something effectively.