Question
On October 2, 2020, Regina acquired and placed into service 7-year business equipment costing $50,000. No other acquisitions were made during the year. Regina does
On October 2, 2020, Regina acquired and placed into service 7-year business equipment costing $50,000. No other acquisitions were made during the year. Regina does not apply Sec. 179 expensing or bonus depreciation. The depreciation for this year is
A) $0.
B) $1,785.
C) $5,000.
D) $7,140.
LABEL AND SHOW ALL WORK.
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
