Question
In May 2019, Cassie acquired a machine for $30,000 to use in her business. The machine is classified as 5-year property. Cassie does not expense
In May 2019, Cassie acquired a machine for $30,000 to use in her business. The machine is classified as 5-year property. Cassie does not expense the property under Sec. 179 or bonus depreciation. Cassie's depreciation on the machine for 2019 is
A. $3,000.
B. $12,000.
C. $6,000.
D. $15,000.
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
