Beth's business purchased only one asset during the current year (a full 12-month tax year). on december 1 beth placed in service machinery (seven-year property) with a basis of $53,000. calculate the maximum depreciation expense (ignoring §179 and bonus depreciation):
a. $7,145
b. $1,785
c. $2,500
d. none of these
e. $10,000
Answers: 3
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Beth's business purchased only one asset during the current year (a full 12-month tax year). on dece...
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