1. In 2018, five-year non-listed non-realty business property costing $25,000 was placed in service on January 11 of the current year. The property is depreciated using MACRS. Assume the does not first take advantage of the Code Sec. 179 deduction, but does use bonus depreciation.

A) $25,000

B) $16,875

C) $1,250

D) $8,750

E) $2,500

2. In 2018, five-year non-listed non-realty business property costing $25,000 was placed in service on January 11 of the current year. The property is depreciated using MACRS. Assume the does not first take advantage of the Code Sec. 179 deduction, but does use bonus depreciation.

A) $25,000

B) $16,875

C) $1,250

D) $8,750

E) $2,500

3. The two types of depletion methods are:

A) accelerated depletion and percentage depletion.

B) cost depletion and percentage depletion.

C) unit depletion and percentage depletion.

D) none of the above.