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Author Question: On January 3, 2013, John acquired and placed into service business tools costing $10,000. The tools ... (Read 58 times)

nramada

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on: Sep 13, 2020

Question 1

On August 11, 2016, Nancy acquired and placed into service residential rental property, which cost $430,000; the cost of the land has been excluded. Nancy annually elects the maximum allowed Sec. 179 deduction. The total depreciation for the year is (rounded)
◦ $5,865.
◦ $4,141.
◦ $5,117.
◦ $15,636.

Question 2

On January 3, 2013, John acquired and placed into service business tools costing $10,000. The tools have a 3-year class life. No other assets were purchased during that year. The depreciation in 2016 for those tools is (Sec. 179 and bonus depreciation were not applied)
◦ $0.
◦ $741.
◦ $1,920.
◦ $3,333.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by nramada on Sep 13, 2020

Jordin Calloway

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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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nramada

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

bdobbins

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Reply 3 on: Yesterday
Excellent

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