On June 20, 2017 Baker Corporation (a calendar-year taxpayer) acquired 5-year equipment cost $30,000 and on October 28, 2017, 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 2017 is:

Question

Quizplus · Accepted Answer

($30,000 x .25 = $7,500) + ($160,000 x .0357 = $5,712) = $13,212

On June 20, 2017 Baker Corporation (A Calendar-Year Taxpayer) Acquired