4. On October 2, 2011, Bedrock Corporation (a calendar-year corporation) acquires and places into service 7-year used
Question:
4. On October 2, 2011, Bedrock Corporation (a calendar-year corporation)
acquires and places into service 7-year used business equipment costing
$650,000. No other acquisitions are made during the year. The depreciation for 2011 (rounded to the nearest dollar) is
a. $92,885
b. $264,280
c. $505,355
d. $650,000
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