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Wilson Corporation Purchases a Factory Building on September 29, 2014

Question 99

Multiple Choice

Wilson Corporation purchases a factory building on September 29, 2014, for $4,000,000 exclusive of the amount allocated to the land) . It elects the alternative depreciation system ADS) . What is the 2014 depreciation deduction?


A) $ 29,167
B) $ 30,000
C) $ 42,424
D) $ 70,833
E) $100,000

Correct Answer:

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