100% bonus depreciation is allowed on all new equipment but it is not allowed on used equipment. Select one: True False A business Keurig is depreciated over which time period? (assume depr not direct write-off) a. 3 years b. 5 years c. 7 years d. 27.5 years e. 39 years f. straight-line g. double-declining h. all of the choices are appropriate Your business bought equipment for $10,000 and has claimed $4,000 in depreciation and now sells it for $12,000. What is the gain situation? a. $6,000 in long term capital gain b. $4,000 of 1245 gain and $2,000 of long term capital gain c. $6,000 of $1245 gain d. $6,000 of $1250 gain e. $4,000 of $1250 gain and $2,000 of long term capital gain