2.On May 11, 2012, your calendar year firm pays$6,000 for a used computer server, its only asset purchase for the year, and estimates that the server will have a salvage value of $500. If no Section 179 deduction is taken, what is your firms maximum 2012 deduction for depreciation?

a. $2,000

b. $1,200

c. $1,100

d. $869

3.Depreciation of property other than real property begins in the middle of the quarter in which it is placed in service when more than:

a.25% of the total cost of all depreciable property placed in service during the year occurs during the fourth quarter.

b.40% of the total cost of property less any Section 179 deduction placed in service during the year occurs during the fourth quarter.

c.40% of the total cost of all depreciable property placed in service during the year occurs during the fourth quarter.

d.25% of the total cost of Section 179 property placed in service during the year occurs during the fourth quarter.