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On June 20,2015 Baker Corporation (A Calendar-Year Taxpayer)acquired 5-Year Equipment

Question 56

Essay

On June 20,2015 Baker Corporation (a calendar-year taxpayer)acquired 5-year equipment cost $30,000 and on October 28,2015,it acquired 7-year equipment cost $160,000.Baker did not elect Section 179 expensing and no other assets were acquired during the year.Baker's depreciation for 2015 is:
a.$28,864
b.$27,152
c.$13,212
d.$7,212

Correct Answer:

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c
($30,000 x .25 = $...

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