Find out the maximum depreciation, Accounting Basics

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Find out the maximum depreciation

What is the maximum depreciation in 2009 for a new computer used 100% for business that was acquired on October 1, 2009, for $3,000, assuming that an expense election under Section 179 is not made and that it is the only property placed in service during 2009?

a) $1,500

b) $1,575

c) $150

d) $1,800

e) None of the choices

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Accounting Basics: Find out the maximum depreciation

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Accounting Basics: Find out the maximum depreciation

Reference No:- TGS087081

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Recent Questions Asked Accounting Basics

Q : What was recognized gain or loss

Q : Elements of generally accepted auditing standards-gaas

Q : Problem based on ownership in the project

Q : What net amount can be deducted for lease expense

Q : Find out the maximum depreciation

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Q : Problem based on holding period of a new truck

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Accounting Basics: Find out the maximum depreciation

Reference No:- TGS087081

Recent Questions Asked Accounting Basics

Q : What was recognized gain or loss

Q : Elements of generally accepted auditing standards-gaas

Q : Problem based on ownership in the project

Q : What net amount can be deducted for lease expense

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