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Author Question: In May 2016, Cassie acquired a machine for $30,000 to use in her business. The machine is classified ... (Read 128 times)

clmills979

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  • Posts: 551
on: Sep 13, 2020

Question 1

In July of 2016, Pat acquired a new automobile for $28,000 and used the automobile 80% for business. Pat can take a maximum depreciation deduction in 2016 of
◦ $8,928.
◦ $2,528.
◦ $22,400.
◦ $13,440.

Question 2

In May 2016, Cassie acquired a machine for $30,000 to use in her business. The machine is classified as 5-year property. Cassie does not expense the property under Sec. 179, and the machine is not eligible for bonus depreciation. Cassie's depreciation on the machine this year is
◦ $3,000.
◦ $6,000.
◦ $12,000.
◦ $15,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by clmills979 on Sep 13, 2020

randomguy133

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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clmills979

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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