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Question 29 of 75 Which of the following assets is depreciable property eligible for the $179 expense deduction? O Used office furniture if it is

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Question 29 of 75 Which of the following assets is depreciable property eligible for the $179 expense deduction? O Used office furniture if it is new to the taxpayer. O An apartment building leased to tenants. O Qualifying improvements to an existing office building. 0 A computer that was given to the taxpayer as a gift but used 100% for business. Mark for follow up Question 30 of 75 In August 2018, Richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. The amount of depreciation Richard may claim in 2018 is $5,961 $7,286 O $7.366 O$8,443 Mark for follow up Question 31 of 75 office computer system on January 23, 2018, at a cost of $3,791. He does not want to claim ation. Using the half-year convention, the amount Michael may claim for depreciation in 2018 is O $316 $542 O $663 O $758 Mark for follow up Question 20 of 75 What is the maximum amount of lifetime learning credit that can be claimed on a tax return? $2,000 in total for the return. $2,000 per eligible student claimed on the return. $10,000 in total for the return. O $10,000 per eligible student claimed on the return. Mark for follow up

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