Momee Corporation, a calendar-year corporation, bought only one asset in 2014, a crane it purchased for $700,000 on November 24.It disposed of the asset in April, 2019.What is its depreciation deduction for this asset in 2019 if cost recovery was determined using only regular MACRS?
A)$62,510
B)$61,110
C)$31,255
D)$22,916

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The Answer of Momee Corporation, a calendar-year corporation, bought only one asset in 2014, a crane it purchased for $700,000 on November 24.It disposed of the asset in April, 2019.What is its depreciation deduction for this asset in 2019 if cost recovery was determined using only regular MACRS?
A)$62,510
B)$61,110
C)$31,255
D)$22,916

Momee Corporation, a Calendar-Year Corporation, Bought Only One Asset in 2014