On November 3rd of this year, Kerry acquired and placed into service 7- year business equipment costing $80,000. In addition, on May 5th of this year, Kerry had also placed in business use 5- year recovery property costing $15,000. Kerry did not apply Sec. 179 immediate expensing or bonus depreciation. No other assets were purchased during the year. The depreciation for this year is

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The Answer of On November 3rd of this year, Kerry acquired and placed into service 7- year business equipment costing $80,000. In addition, on May 5th of this year, Kerry had also placed in business use 5- year recovery property costing $15,000. Kerry did not apply Sec. 179 immediate expensing or bonus depreciation. No other assets were purchased during the year. The depreciation for this year is

On November 3rd of This Year, Kerry Acquired and Placed