Question 11 of 40. Which of the following is a reason a taxpayer might choose to use the straight-line method over a GDS recovery period to depreciate a machine purchased and placed in service in August of the current tax year? They want a smaller current-year depreciation deduction because they have no tax liability in the current year. They anticipate a decrease in income in the future and want to claim a larger deduction in the earlier years. They anticipate the machine will always be used 100% in the business in the future. They anticipate selling the machine within the same year it is acquired and placed in service. Question 15 of 40. This year, Jordan purchased, and placed into service, a single-family rental house. He paid the following amounts to acquire his property: $300,000 sales price (which included $20,000 for the land). $3,000 for legal fees and recording costs (which includes $3,000 allocated to the building and $200 allocated to the land). $250 to have the property professionally cleaned before the first tenant moved in. What is Jordan's basis for depreciation in the house? O $280,000 $283,250 $303,000 $303,250