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A truck is purchased 3/1/20 for $10,000; a machine is purchased 7/1/20 for $20,000; and office furniture is purchased 10/1/20 for $5,000. No other assets
A truck is purchased 3/1/20 for $10,000; a machine is purchased 7/1/20 for $20,000; and office furniture is purchased 10/1/20 for $5,000. No other assets are placed in service during the year. No 179 or additional depreciation is elected.
What is the proper convention? [ Select ] ["mid quarter", "half year", "mid month"]
The depreciation for the truck for 2020 is [ Select ] ["2,000", "1,429", "3,500", "1,500"]
The depreciation for the machine for 2020 is [ Select ] ["4,000", "2,142", "7,000", "2,858"]
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