On October 2,2016,Dave acquired and placed into service 5-year business equipment costing $70,000.No other acquisitions were made during the year.Dave does not use Sec.179 expensing,and the property does not qualify for bonus depreciation.The depreciation for this year is using the most accelerated method possible is
A)$0.
B)$3,500.
C)$7,000.
D)$14,000.

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The Answer of On October 2,2016,Dave acquired and placed into service 5-year business equipment costing $70,000.No other acquisitions were made during the year.Dave does not use Sec.179 expensing,and the property does not qualify for bonus depreciation.The depreciation for this year is using the most accelerated method possible is
A)$0.
B)$3,500.
C)$7,000.
D)$14,000.

On October 2,2016,Dave Acquired and Placed into Service 5-Year Business