On January 3, 2015, John acquired and placed into service business tools costing $10,000. The tools have a 3- year class life. No other assets were purchased during that year. The depreciation in 2018 for those tools is (Sec. 179 and bonus depreciation were not applied)

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The Answer of On January 3, 2015, John acquired and placed into service business tools costing $10,000. The tools have a 3- year class life. No other assets were purchased during that year. The depreciation in 2018 for those tools is (Sec. 179 and bonus depreciation were not applied)

On January 3, 2015, John Acquired and Placed into Service