Question
2 . On May 11, 20 12 , your calendar year firm pays $6,000 for a used computer server , its only asset purchase for
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
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
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
6th Edition
0273638335, 978-0273638339
