Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abc corp bought a production machine on january 1,

ABC Corp bought a production machine on January 1, 2012 for $31,250. The company elected...

50.1K

Verified Solution

Question

Accounting

ABC Corp bought a production machine on January 1, 2012 for $31,250. The company elected out of Section 179 expensing & elected out of claiming bonus depreciation in 2012 & is depreciating the machine using the MACRS accelerated depreciation tables for 5-year property. What is the 2014 depreciation year 3 deduction for the machine?

A.$6,000

B.$6,250

C.$10,000

D.$12,500

E.None of the other choices are correct

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Describe, in order, the events that occur to transmit an electrical signal from a presynaptic neuron...

Psychology
1.2K views

What do we mean by family process and family structure and what are the impacts of...

Basic Math
1.2K views

Module Knowledge Check Write an equation of the form y a sinbx or y a...

Basic Math
1.2K views

Show that the differential x y 0 0 is closed Show that it is not...

Accounting
1.2K views

Please provide a written out by hand solution for the above example. Selected...

Accounting
1.2K views

n some cases, one of the purposes of initiating a business combination is to control...

Accounting
1.2K views

3. on may 1, 2021 , Beth'sservices Company had account balances as following

Accounting
1.2K views

Econnect Practice for Out 2 OS 5. 100 pm My Corporation product for 520 Detay...

Accounting
1.2K views

How many people would it take to create a Perpetual cycle of cash giving Example....

Accounting
1.2K views

Narcolarm, Inc. (A) Not long after completing her residency in neurology, Mary Lou Black, M.D.,...

Accounting
1.2K views

Current Attempt in Progress The following information is related to Blossom Real Estate Agency. Oct....

Finance
1.2K views

2. A toy company has developed a new game, which they will either put out...