In November 2017,Kendall purchases a computer for $4,000.She does not use Sec.179 expensing,and the property does not qualify for bonus depreciation.She only uses the most accelerated depreciation method possible.The computer is the only personal property which she places in service during the year.What is her total depreciation deduction for this year?
A)$200
B)$572
C)$800
D)$1,000

Question

Quizplus · Accepted Answer

A)MACRS depreciation is $200 ($4,000 × .05).The equipment was placed in service during the 4th quarter and was the only personal property placed in service for the year.(Table 5 in Appendix C)

In November 2017,Kendall Purchases a Computer for $4,000