Wu Copy Shop Purchases a New Copy Machine in July

question 105

Multiple Choice

Wu Copy Shop purchases a new copy machine in July 2013 for $30,000.No other depreciable assets are placed in service in 2013.Since Wu Copy Shop expects to be in a much higher tax bracket in future years,it desires to minimize its current cost recovery amount to the fullest extent possible.What is the amount of Wu Copy Shop's ADS depreciation for 2013?

• A)$1,500
• B)$3,000
• C)$4,500
• D)$5,400
• E)$6,000

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Definitions:

Totalitarianism

A political system in which the state holds total authority over society and seeks to control all aspects of public and private life wherever possible.

Authoritarianism

A system of governance in which power is concentrated in the hands of a single authority, often with limited political freedoms.

Hashemite Kingdom

A monarchy in Western Asia, traditionally led by the Hashemite dynasty, known for its historic leadership in Jordan.

Monarchy

A government ruled by a king or queen, with succession of rulers kept within the family.