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:

Osteosarcoma

A type of cancer that originates in the cells that form bones, most commonly occurring in children and young adults.

Fibrosarcoma

A malignant tumor derived from fibrous connective tissue, often affecting the legs, arms, or jaw.

Trismus

A medical condition characterized by a reduced opening of the jaws caused by spasm of the muscles of mastication, often associated with infection or trauma.

Stomatitis

Inflammation of the mouth and lips, which can cause soreness and may include conditions like cold sores.