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In May 2020, 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 2020, 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 in the next year for 2021 is
A) $3,000.
B) $6,000.
C) $9,600.
D) $12,000.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
